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18 July 2012 what is the rate of depreciation on ATM MACHINE??
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
18 July 2012
Please refer:

http://taxguru.in/income-tax-case-laws/atm-computer-equipment-depreciation-allowable-60.html
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
19 July 2012 ATM can be depreciated @ 60% vide Mumbai ITAT decision dated 14/03/2012 in Saraswat Infotech Ltd Vs. ACIT.
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
19 July 2012 i agree with B Chakrapani sir

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