Hi,
face reading machine purchased to keep track of presenties of workers and other office staff.
Whick block should I choose to book this item?
Priyanka Mane(artical assistant)
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Block of asset of face reading machine under income tax act
Replies (5)
I think it should be computer or electrical category bcz it a knid of software which is used to keep monitoring over the presentation.
It is not a software. It is a machine. But not used for production activity. So can it will be consider as furniture and fixtures?
Dear Priyanka
if it is machine then classify it as office equipment (15% depriciation under income tax) otherwise if it is software it will be classify under computer & software(60% depriciation under income tax)
I hope now you will be clear on the same.
Why it cannot be classified under fixure since it is not used for production. I hope you understand my query.
yes it will be under fixture
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