Depreciation on interior design helps you manage your finances and tax obligations by allowing you to account for the gradual decline in value of different assets. The depreciation rate of interior design elements is not fixed, in contrast to standardised assets. Rather, the interior design depreciation rate is determined by the classification of the components, such as furnishings, temporary constructions, or permanent renovations. Understanding these rates facilitates proper accounting and tax planning.
What is the Depreciation Rate in Interior Design?
The nature and classification of interior design goods determine their depreciation rates.
As physical assets, furniture and fittings such as desks, seats, shelves, and electrical fixtures usually have a 10% depreciation rate.
Under the category of "purely temporary erections," temporary timber structures, like booths or dividers, may be depreciated at a rate of 40%.
In rare circumstances, temporary fixtures like false ceilings, wallpaper, or specialised furniture in rental homes can qualify for 100% depreciation, as they are viewed as revenue expenses rather than capital assets.
These rates are assessed on a case-by-case basis by Indian tax authorities, so consulting a professional is suggested for appropriate classification and compliance.
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What is Interior Design Depreciation Rate?
Karishma89
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2025-10-17T10:53:28+00:00 2025-10-17T10:54:00+00:00Comment
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