As of the financial year 2004-05, the Income Tax Act in India allowed for a depreciation rate of 15% on air conditioning equipment under the category of plant and machinery. This rate is applicable for calculating depreciation for tax purposes, helping businesses reduce their taxable income by accounting for the wear and tear of their air conditioning assets.
yes. The plant is used in the manufacturing process and tehrefor it is a direcct cost d
surely it is neither, it is merely just a reduction in marketable value and no money is paid or received with depreciation. it does not affect cash but is classed as an expense.
Yes
10% is the rate of depreciation on air condition
13.91% since tubular batery will be grouped under the block plant and machinery
12%
As of the financial year 2004-05, the Income Tax Act in India allowed for a depreciation rate of 15% on air conditioning equipment under the category of plant and machinery. This rate is applicable for calculating depreciation for tax purposes, helping businesses reduce their taxable income by accounting for the wear and tear of their air conditioning assets.
yes. The plant is used in the manufacturing process and tehrefor it is a direcct cost d
surely it is neither, it is merely just a reduction in marketable value and no money is paid or received with depreciation. it does not affect cash but is classed as an expense.
15%
Yes
Plant asset is the machinery asset which a business use to make units of products for selling purpose to generate revenue for business.
it is necessary to provide depreciation even business is running in loses or in profit because depreciation provides fund for future and remove the burden of fund for purchasing new machinery when old machinery are broken down.
10% is the rate of depreciation on air condition
What is the rate of depriciation on refigerator
What is the rate of depriciation on refigerator