DEPRECIATION PRINTER AS PER CO.ACT.1956
This query is : Open
26 May 2008
WHAT RATE CAN APPLY ON PRINTER FOR DEPRECIATION AS PER COMPANIES ACT.1956 AND AS PER INCOME TAX ACT.1961
PLEASE REPLY ME.
PLEASE REPLY ME.
26 May 2008
same as to computer, in books, debit cost of printer in computer a/c.
in co. act : 40%
in i.t. act : 60%
in co. act : 40%
in i.t. act : 60%
26 May 2008
yes i agree with Yayati Tyagi
02 September 2012
BUT AS PER SCHEDULE XIV OF COMPANIES ACT IT IS STATED THAT DATA PROCESSING MACHINE INCLUDES ONLY COMPUTER. SO PRINTER CANNOT BE CONSIDERED AS PART OF COMPUTER AND SHOULD BE TAKEN AS PLANT & MACHINERY. SO RATE MUST BE 13.91% (WDV ) OR 4,75 %(SLM)
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