Rate of depreciation
anand maru (23 Points)
03 April 2020
what is the rate of depreciation for Air conditioner as per IT Act??
4 Replies
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...!!!")
(128101 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.
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.
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