Depreciation rate
This query is : Resolved
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.
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Last year TDS Claim
- Taxation on LTCG for property sold after 24JUL2024
- Suggestions required for income tax filing-software (FY 2025-26)
- GST ON DAMAGED GOODS
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
