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Can any body tell me the rate of depreciation to be charged on Printer as per IT Act. I am confused whether it should be treated as part of Computer Bloc or Block of Plant & Machinery.
PLs Revert AWAP.
1. As per your query, the rate of deprecication under Income Tax Act, is 60%.
Yes, it is 60% in IT and 40% in Co Law.
hello sanjiv can you please mail me the Dep chart as per the companies act, and income tax act to my id, rahul_singhal_22 @ yahoo.com
15% if purchased after the comp
60% if purchased with comp
dep rate on printer if it is purchased with or without computer set.
this information is not valid, their is no provsion in income tax for such condition. So, on printer the rate of depreciation will be 60 % if it was bought before six month.........
It is 15% whether purchases with or without computer.
I agree with dharmaraju
Depreciation on printers are chargeable @ 60%. reference can be made to decisions of Kolkata and Delhi Tribunal in 98 ITD 119 (Kol) and 30 SOT 284 (Del) respectively
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