Depreciation rate
This query is : Resolved
CA Sanjay Baheti
(Querist)
08 June 2012
i)what shall be depreciation rate on UPS as per I.T. Act.
Moreover whether the same will be considered as integral part of Computer or separately considered as Plant & Machinery/Office equipment.
ii) what shall be depreciation rate on Software if the same will be considered as Intangible Asset under fixed Asset as separate Block of Asset as per I.T Act.
Moreover whether the same will be considered as integral part of Computer or separately considered as Plant & Machinery/Office equipment.
ii) what shall be depreciation rate on Software if the same will be considered as Intangible Asset under fixed Asset as separate Block of Asset as per I.T Act.
Amol S Joglekar
(Expert)
08 June 2012
UPS; generally speaking shall be regarded as office equipment.
08 June 2012
Depreciation is allowable on UPS @ 60%
CIT Vs. Orient Ceramics & Industries Ltd (2011) 56 DTR 397 ( Del).
CIT Vs. Orient Ceramics & Industries Ltd (2011) 56 DTR 397 ( Del).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Visiting card purchase
- Query on effect of registration of property
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
