Block of Assets

THERE IS NO DEFINITION GIVEN UNDER INCOME TAX ACT . BUT GENERALLY A COMPUTER CAN BE DEFINED AS FOLLOWS: A programmable machine. The two principal characteristics of a computer are: It responds to a specific set of instructions in a well-defined manner. It can execute a prerecorded list of instructions (a program). Modern computers are electronic and digital. The actual machinery -- wires, transistors, and circuits -- is called hardware; the instructions and data are called software. All general-purpose computers require the following hardware components: memory : Enables a computer to store, at least temporarily, data and programs. mass storage device : Allows a computer to permanently retain large amounts of data. Common mass storage devices include disk drives and tape drives. input device : Usually a keyboard and mouse, the input device is the conduit through which data and instructions enter a computer. output device : A display screen, printer, or other device that lets you see what the computer has accomplished. central processing unit (CPU): The heart of the computer, this is the component that actually executes instructions. In addition to these components, many others make it possible for the basic components to work together efficiently. For example, every computer requires a bus that transmits data from one part of the computer to another.

Thanks for the reply. As per this the items which are falling under Computer Category would be 1. Desktop (Monitor + CPU) 2. Laptop 3. Servers Please correct me if I am wrong Rest of the items like * UPS * Printers * Scanners * Switches etc should be categories under Office Equipment with the depreciation rate of 15%. Please confirm Thanks

All general-purpose computers require the following hardware components: memory : Enables a computer to store, at least temporarily, data and programs. mass storage device : Allows a computer to permanently retain large amounts of data. Common mass storage devices include disk drives and tape drives. input device : Usually a keyboard and mouse, the input device is the conduit through which data and instructions enter a computer. output device : A display screen, printer, or other device that lets you see what the computer has accomplished. central processing unit (CPU): The heart of the computer, this is the component that actually executes instructions. In addition to these components, many others make it possible for the basic components to work together efficiently. For example, every computer requires a bus that transmits data from one part of the computer to another.

Yes, all computers and computer accessories are included because of the fact that its definition uses the word "computer" and does not include specifically any item. Thus the definition is not an inclusive one Conclusion: Servers, Printers, UPS,Scanners etc. can be classified under computers.

Thanks indeed all of you for the clarificiation Regards

Dear Mr. Sampat Jain Once again on the clarification on "Computer". Is this defintion is acknowledged by ICAI or by I.Tax Dept. If yes, can you please provide me the link to that circular/notification/clarification. Many Thanks in Advance Regards Ramesh

what is block of assets

Block of Assets mean the assets which come under the same depreciation rates like 10% 15% 60%etc.