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Rate of depreciation

anand maru (22 Points)

03 April 2020

what is the rate of depreciation for Air conditioner as per IT Act??

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4 Replies

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 03 April 2020

It's 15% ...................

CA ARPIT BANGA (job ) (376 Points)
Replied 04 April 2020

I think air conditioner is covered under Assets class of furniture and due to this rate will be 10%

BIKASH BEHERA (4 Points)
Replied 04 April 2020

It is a fixed assets 10% of depreciation as per income tax act 1961

RAJA P M ("Do the Right Thing...!!!") (127153 Points)
Replied 04 April 2020

@ Mr Anand Maru.,

What is the exact uses of the Air Conditioner...?

Is this AC used office purposes or Factory purposes..?

- If Office then Dep.Rate @ 10% as Office Equipments...

- If it's use in the manufacturing or Productions then Dep.Rate @ 15% as plant and Machinery.

Choose as per Your uses.