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Depreciation u/s 32 of i.t act.

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(Querist)
26 April 2012 Please let me know the rate of Depreciation on CCTV Camera & Television if the same is installed/held within Factory Premises & used for Business Purposes as per section 32 of I.T. Act. Moreover in which Block of Asset the same are to be classified for I.T. Purposes.
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Mihir Doshi

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Mihir Doshi (Expert)
26 April 2012 Under plant & machinery @ 15%
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
26 April 2012 As per accounts, under Office equipment. However for IT, it will fall under P&M only.
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CA PARTH SHAH

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CA PARTH SHAH (Expert)
27 August 2012 According to me cctv camera must be attached with a computer, so it can be charged at 60% dep as per income tax

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