Question:

In india what are the rates of depriciation on various fixed assets?

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according to indian income tax rules what are the rates on fixed assets of each item i.e plant & machinery, building, land furniture & fixture, computers etc let me know how to caliculat each asset at what rate

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  1. From assessment year 2006-07 onwards following are the rates  of depreciation as per Income tax.

    building    5%

    Furniture & fittings  10%

    Plant & Machinery  general rate 15%

    Vehicles not for commercial use  15%

    Computers               60%

    do you want any thing else come back.

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