What is the rate of depreciation on projector ?
Does it fall under the COMPUTER HARDWARE category which (I believe) gets 60% depreciation (pre 30th Sept).
Thank you
6 Replies
CA Anand Oberoi
(Chartered Accountant)
(296 Points)
Replied 18 February 2010
its a machinery n gets 15% dep.
Chetan
(Study)
(106 Points)
Replied 19 February 2010
It will fall under electric Machinery and allowable at 15% (Before 30th Sept.)
Amir
(Learner)
(4016 Points)
Replied 19 February 2010
Dear Sanjay,
I think it will be eligible for 15%
C.Balaji
(Learner)
(1867 Points)
Replied 19 February 2010
i do feel that it is a machinery and therefore 15%..
Sanjay
(Director)
(155 Points)
Replied 19 February 2010
Its clear that it does not fall under Computer category.
Thx everyone.
Sanjay
Amol Gopal Kabra (CA,CS,DISA)
(Practicing CA)
(8539 Points)
Replied 19 February 2010
A LCD projector can be used even without the use of a computer. It can be used even with a video camera or an digital camera. So, it shall be classified under plant and machinery and hence the rate of depreciation shall be 15% under Income Tax Act and 13.91% under Companies Act.
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