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Cctv whether computer or electrical fitting?

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Arpan Nayak

Article Tax Consultant

49 Points Posted on 05 May 2015

We have recently purchased 7 CCTV Cameras in our office premises for the security purpose. The whole set consists of LED Monitor, Sensor that stores all the footages, Mouse etc.

Now what is confusing is whether the CCTV should be treated under block of Computers (60%), Plant & Machinery (15%) or Furniture & Electrical Fittings (10%)?

Please advise aptly. I understand that there can be various perceptive opinions regarding the same issue.

Replies (3)

Nirav

Accountant

357 Points Posted on 05 May 2015

Arpan nayak from ahmedabad???

CA Kiran.H.G

Chartered Accountant

34 Points Posted on 05 May 2015

CCTV needs to be grouped under P&M. Punjab & Haryana High Court in the case of CIT Vs Subrata Dutta Choudhary (2010) 33 DTR 259 (P&H) has held that Transformers, Control panels, Fax machine and CCTV systems which are being used in the business of the assessee are to be treated as part & parcel of plant and machinery

mizbah khan

student IPCC

84 Points Posted on 05 May 2015

I my opinion, if you have recently purchased cctv including the attachments (After 1st April 2015) , it will all be charged as per schedule II of Companies Act, 2013 with the ageing factor. Rates of 15% & 60% is irrelevant in that scenario.