FIRE PROTECTION EQUIPMENT DEPRECIATION RATE, Accounting - Auditing

[Kusalava InternationalLimited]

Sir,

In which Assets group Fire Protection Equipment has to be shown and what is the rate of Depreciation as per companies Act and IT Act?

Posts / Replies

[RamKumar Lakkoju]

Which equipments are there to be classified as fire protection equipment?

Fire alarms, sprinkler systems are generally classified as buildings.

[Ganeshan Kalyani]

In my view it falls under building.