Depreciation on CCtv Camera
This query is : Open
Akbar Mirza
(Querist)
20 February 2010
Respected Sir,
shall be CCTV Camera affixed in the factory premises of the company depreciate?
In which group it will fall?
Wht will be the rate of depreciation as per Co. Act & Income Tax Act?
shall be CCTV Camera affixed in the factory premises of the company depreciate?
In which group it will fall?
Wht will be the rate of depreciation as per Co. Act & Income Tax Act?
Sanjeev SAINI
(Expert)
24 February 2010
It shall be consider as plant & machinery
Sanjeev SAINI
(Expert)
24 February 2010
Rate of Depreciation is 15%
CA PARTH SHAH
(Expert)
27 August 2012
According to me cctv camera must be attached with a computer, so it can be charged at 60% dep as per income tax
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