rate of depreciation on Printer

CA



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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Account Manager



Hi Risha,

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

Regards

Sanjiv Shah

 
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CA, DISA



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

 
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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

 
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Practice



15% if purchased after the comp

60% if purchased with comp

 
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(Guest)

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

 
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LEARNER



It is 15% whether purchases with or without computer.

 
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Tax Advocate



I agree with dharmaraju

 
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Associate



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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