Query on depreciation
Guddu (35 Points)
10 May 2007
WHETHER CD-ROM forms part of P&M for the purpose of depreciation OR COMES UNDER THE CATEGORY OF Computers. Plz Reply
6 Replies
Krish
(28 Points)
Replied 10 May 2007
This is just my opinion!
CD-rom should be considered as a part of computers/stationery due to the following reasons:
1) The value is very less for treating it as a Capital Expenditure,
2) It may not be in use for more than one year, i.e, low chance of obtaining future
benefit.
3) Its a recurring expense.
CD-rom should be considered as a part of computers/stationery due to the following reasons:
1) The value is very less for treating it as a Capital Expenditure,
2) It may not be in use for more than one year, i.e, low chance of obtaining future
benefit.
3) Its a recurring expense.
Ankit Bhatia
(163 Points)
Replied 10 May 2007
it will come under Computers and not the residuary head
Nravindranath
(13 Points)
Replied 10 May 2007
It forms of part Plant and Machinery under the classification of Computers including computer software and is eligible for depreciation at the rate of 60%
Please refer page 278 of Direct taxes Law and practice by Vinod K Singhani, Professional edition 2005
Please refer page 278 of Direct taxes Law and practice by Vinod K Singhani, Professional edition 2005
Rajesh Itty Eapen
(111 Points)
Replied 10 May 2007
hi friends
CD ROM forms very much part of computer. lf the printer, monitor, scanner, mouse, keyboard etc forms part of a computer, why should not a CD ROM not form part of it?? well, even a floppy drive is part of computer... 60% depreciation can be claimed u/s32.
regards
rajesh itty eapen
CD ROM forms very much part of computer. lf the printer, monitor, scanner, mouse, keyboard etc forms part of a computer, why should not a CD ROM not form part of it?? well, even a floppy drive is part of computer... 60% depreciation can be claimed u/s32.
regards
rajesh itty eapen
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