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Intangible assets are to be allowed depreciation at the rate of 25 per cent. ... will be applicable retrospectively since the inception of IT Act , 1961. ......
The rates vary from 0% to 8% in the case of natural persons. ... The transfer duty exemption is granted per transaction and will be considered upon receipt ......
It is provided that the depreciation allowance in such cases will be restricted to fifty per cent. of the amount calculated at the prescribed rates . ......
In the account year ended March 31, 1972, relevant to the assessment year 1972-73, the assessee claimed depreciation allowance at the rate of 10 per cent. ......
Forklift for handling material is covered under the block Plant and Machinery and the relevant rate of depreciation under the IT Act , 1961 is 25 per cent. ......
fixed assets register and calculation of Depreciation as per Company Act well as IT act . Preparing periodical reports on exports and sales. ......
Each member shall receive a salary at the rate of $12000 per annum. ...... and less a reasonable and proper depreciation , based upon not more than a ......
Also, to encourage upgradation of life saving medical equipment the rate of depreciation is being increased from 25% to 40 per cent. ......
Issue no 2 : We have created 5 group asset code with existing depreciation rate as per IT act , if IT depreciation rate is changed in annual budget then ......
PLANT & MACHINERY:- 15% AS PER IT AND GENERAL RATE FOR CONTINIOUS FACTORY AS PER COS ACT. ... Post your reply for : Depreciation rates under IT Act ......
Income Tax holiday as per Sec. 10A of the IT Act 2000. ... Depreciation on computers at accelerated rates upto 100% over 5 years is permissible. ......
(ii) Leasing should be resorted if (a) the Tax rate of lessor is higher, (b) early depreciation is allowed, (c) there is time value of money. ......
... period for which the depreciation allowance may be made, the allowance for the first year in the said period being calculated at the rate of 20 per cent ......
(vi) the rate per kilometre as a travelling allowance for such persons for actual distance travelled once each day to go to, and return from, ......
The Depreciation rates for computer software as per The Income Tax Act is 60% and as ... ON : 4/25/2008 10:20:02 PM Post New Topic. 60% as per it act , 1961 ......
