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Discussion > Income Tax >

rate of depreciation on Printer

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CA

[ Scorecard : 78]
Posted On 05 August 2008 at 11:54 Report Abuse

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.

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Sanjivkumar Shah
Account Manager

[ Scorecard : 266]
Posted On 05 August 2008 at 12:29

Hi Risha,

1. As per your query, the rate of deprecication under Income Tax Act, is 60%.

Regards

Sanjiv Shah





CA RAMESH KUMAR AHUJA
CA, DISA

[ Scorecard : 5315]
Posted On 05 August 2008 at 16:10

Yes, it is 60% in IT and 40% in Co Law.




aashish
ca

[ Scorecard : 22]
Posted On 09 November 2008 at 10:36

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




CA Gaurav Gupta
Practice

[ Scorecard : 307]
Posted On 12 November 2008 at 16:58

15% if purchased after the comp

60% if purchased with comp




(Guest)
Posted On 04 December 2008 at 13:51

dep rate on printer if it is purchased with or without computer set.



paramdeep gaur
JOB

[ Scorecard : 25]
Posted On 25 June 2009 at 12:49

Originally posted by :gaurav gupta
" 15% if purchased after the comp
60% if purchased with comp
"

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.........
 




RAJU
LEARNER

[ Scorecard : 1055]
Posted On 25 June 2009 at 14:19

It is 15% whether purchases with or without computer.




Indudhar
Tax Advocate

[ Scorecard : 427]
Posted On 25 June 2009 at 19:35

I agree with dharmaraju




sachin
Associate

[ Scorecard : 22]
Posted On 16 September 2009 at 15:12

Originally posted by :gaurav gupta
" 15% if purchased after the comp
60% if purchased with comp
 


 

Friends,

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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