Hi,
Is the Printer is depreciate by 40% as per company act like computer or 13.91(P&M) general.
11 Replies
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 10 May 2010
Hey... wait the above rate is as per WDV method.. i mean, if its WDV, then 40%...
But, under SLM, the rate is 16.21%......
Ankit CA and CS
(Manager - Accounts)
(204 Points)
Replied 10 May 2010
16.21% is for all Date Processing Machines as per companies Act.
Radhika
(CA Final)
(194 Points)
Replied 10 May 2010
printer is a peripheral device of computer which can not work on its own. so it should be treated and depreciated as and accordingly computer used to
NAMAN
(CA, EY)
(55 Points)
Replied 11 May 2010
.......It depends on nature of Business....
If printer is used in Manufacturing Process it would be considered Plant & Machinery...like in case of Printing Agency or News Paper Agency
otherwise it would be considered as component of Computer itself.........
anshul bafna
(student)
(522 Points)
Replied 11 May 2010
WHO IS RESPONSIBLE FOR THIS BLUNDER...
PLEASE SEE
/forum/who-is-responsible-for-this-blunder--82380.asp
pragadeeshkanna
(searching)
(281 Points)
Replied 11 May 2010
What is the rate for printer as per IT act? is it 60 % or 10%?
vikash rathi
(Chartered Accountant)
(787 Points)
Replied 11 May 2010
10% as per i.t. act it is treated as plant and machinery
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