Company is using invertors in its office. Under which head will it appear, Office Equipments, Plant & Machinery or Furniture & fixture? What is the rate of depreciation of the invetors & batteries as the Income Tax Act?
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Rate of depreciation of invertors & battery as per it act
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Quick Summary
Inverter depreciation rate 15%
Batteries can be debited to profit and loss a/c.
as per income tax act Depriciation allowed on invertors and battery @ 15 % becoz invetors and bettery treated as plant and machinery .
Is It Depreciated Under SLM Or WDV Method.
Please Replay ASAP.
As per Income Tax Act, it will be depreciated using WDV method
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