13.91%
The Rate of Depreciation on Computer as per Companies Act is 40%
10% is the rate of depreciation on air condition
10%
As per the Companies Act of 1956 in India, the depreciation rate for an induction cooker is typically classified under electrical appliances, which generally fall under the category of machinery or equipment. The standard rate for such assets is usually around 15% on the written down value method. However, companies may also refer to the specific guidelines provided in their own depreciation policies, which can vary based on usage and operational conditions. It's important to consult the relevant schedules and provisions for precise application.
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.
The Rate of Depreciation on Computer as per Companies Act is 40%
10% is the rate of depreciation on air condition
60%
What is Depreciation on Tubular Battery under Company Act
The depreciation rate on mobile phones as per companies act is explained very simply. As soon as a person purchases a phone and uses it for the period of one month that phone has lost at the least half of its value. This is due to the constant surge ahead made by developers of mobile phones.
10%
13.91 %
Depreciation on Mobile Phone will be charged @ 15%.
10%
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.
10%
two wheeler-20% on wdv refrigerator-10%on slm