Definition of computer for depreciation purrpose
This query is : Resolved
s. k. mohan
(Querist)
18 June 2008
The IT Act provides for 60% depreciation on computers, but the word computer has not been defined. My question is, whether computer accessaries, like printers/scanner/UPS etc. should be debited to computer A/c to get benefit of 60% Depn. or it should be classified under Office equipments (eligible for 15% Depn.)
Further, will it make any difference if these items are purchased along with computer or bought ubsequently/separately.
Further, will it make any difference if these items are purchased along with computer or bought ubsequently/separately.
CA Anand Sarda
(Expert)
18 June 2008
Yes depreciation of 60% can be claimed even on computer accessories(Printer, Scanner, UPS. Etc). It should classified under the head Computers.
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