Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

EASYOFFICE

EASYOFFICE

EASYOFFICE

Depreciation on ATM Machine

Sushilkumar Kale (2 Points)

03 December 2020

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

Reply
Follow
Share

2 Replies

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

15% as per IT act

Upgrade to CAclubindia Pro. Subscribe Now!

ATUL Y (574 Points)
Replied 03 December 2020

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

Join CCI Pro

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

EasyOFFICE

CCI Pro

Trending Online Classes

Certification Course on Chat GPT and AI Tools for Professionals

CA Deepak Gupta

Enroll Now

21 October 2024
GST Live Certification Course (40th Batch)(With Certificate)

CA Arun Chhajer

Enroll Now

17 November 2024
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)

CA Arun Chhajer

Enroll Now

13 October 2024

view all classess

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads

Recent Posts

Unreplied Threads

Settings