Assets

Projector will be included in the Plant and Machinery block as per Section 32 of the Income Tax Act, 1961 and depreciation is to be provided @ 15%..

Regards,

Devendra P Kulkarni

Originally posted by : Devendra
	Projector will be included in the Plant and Machinery block as per Section 32 of the Income Tax Act, 1961 and depreciation is to be provided @ 15%..   Regards, Devendra P Kulkarni

Mr. Devendra is right

Projector will be include in block of 15% Dep Assests.

wht  is included in computer in income tax act is not define however it would depend upon the use of projector if projector integrated permanently with computer for enjoying output of computer by using projector instead of monitor then it would be part of computer.

However it is my opinion.

Agree With Devendra

It should be clasified in the block of plant and machinary but the rate of depreciation will be based on the cicumstences. If you are not able to utilise it without computer then it must be grouped as computers under P&M and rate of depeciation will be 60% othewise 15%

Projector will be included in "Plant & Machinery" block and depreciation would be provided @ 15% however to some extent tarak nath is correct. ICAI guidance note on Tax Audit includes only "Printer" to be depreciated alongwith computer not projector