Dereciation rate on printer

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This query is : Resolved

Bhaveshborad (Querist)

19 June 2014 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 . plz reply....

Rupesh Jain

Rupesh Jain (Expert)

19 June 2014 printer with computer then charge 60% depreciation .

if attaché with machinery then charge 15%

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

19 June 2014 It should be treated as part of Computer Block. Rate 60%.

Nikhil Kaushik

Nikhil Kaushik (Expert)

19 June 2014 you can include in computer block and depreciate at 60%.

Sandeep Dharar

Sandeep Dharar (Expert)

19 June 2014 Printer is treated as Computer Block, so it will b depreciated @60% as per IT Act. Rupesh what other Machinery u will attach with Printer?

Nikhil Kaushik

Nikhil Kaushik (Expert)

19 June 2014 it can be attached to billing machines which may or may not constitute as computers.

Guest

Guest (Expert)

27 June 2014 60 percent rate for printer

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