banner_ad

Rate of depreciation

239 views 4 replies
User Avatar

23 Points Joined July 2019
what is the rate of depreciation for Air conditioner as per IT Act??
0 Reply Share Follow
On 03 April 2020 at 21:13 Report
Replies (4)
User Avatar

GST Practitioner
55067 Points Joined June 2017
It's 15% ...................
Reply
On 03 April 2020 at 23:56
User Avatar

job
376 Points Joined August 2010
I think air conditioner is covered under Assets class of furniture and due to this rate will be 10%
Reply
On 04 April 2020 at 01:56
User Avatar

4 Points Joined December 2019
It is a fixed assets 10% of depreciation as per income tax act 1961
Reply
On 04 April 2020 at 06:33
User Avatar

"Do the Right Thing...!!!"
128147 Points Joined January 2015
@ 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.
Reply
On 04 April 2020 at 17:03

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details