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Depreciation on ATM Machine

Sushilkumar Kale (2 Points)

03 December 2020

please know me the rate of depreciation on ATM machine for bank

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gopi nadh (student) (35 Points)
Replied 03 December 2020

15% as per IT act

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ATUL Y (574 Points)
Replied 03 December 2020

ATMs are computers and therefore, assessee is eligible to depreciation of 60% on ATMs.

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