Rate of Depreciation for Air conditioners.

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11 Points Posted on 02 November 2020
Is the rate of depreciation for A/c is 40%
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On 02 November 2020 at 16:30 Report
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This discussion clarifies the depreciation rate for air conditioners under the Income Tax Act. Generally, ACs used as office equipment are depreciated at 10%. However, if the air conditioner is integral to the production process, it falls under plant and machinery and can be depreciated at 15%.

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CA
3430 Points Posted on 02 November 2020
No rate 15% and show block in plant and machinery
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On 02 November 2020 at 16:51
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Accountant
3662 Points Posted on 02 November 2020
15% on Air Conditioner under IT act
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On 02 November 2020 at 22:25
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Tax consultant
5895 Points Posted on 03 November 2020
If it use in office then as in office equipment it will be 10%
but if it is for production propose then as in plant and machinery it will be 15%
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On 03 November 2020 at 15:26

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