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Depreciation on Computer Peripherals

CA RAMESH KUMAR AHUJA (CA, DISA, LLB) (5452 Points)

08 November 2008

During the course of assessment the Assessing Officer has raised a query and asked the assessee to justify that :Why the depreciation on computer peripherals be not restricted to 25% instead of 60%?

Is there any case law in support of the the Assessee's contentions that depreciation on computer peripherals is admissible @ 60% and not 25%.?

How the same may be explained to convince the AO?

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5 Replies

S.Srinivasaraghavan (Chief Financial Officer and Co) (11318 Points)
Replied 08 November 2008

What is the basis for the AO's contention?

CA RAMESH KUMAR AHUJA (CA, DISA, LLB) (5452 Points)
Replied 08 November 2008

He is of the Opinion that all peripherals , be it a modem, printer, scanner except CPU and Monitor should be depreciated @ 25%.

Juzer Sadikot (CA - innovative solutions for Imports and Exports) (1309 Points)
Replied 08 November 2008

Dear Ramesh Sir,

For which A.Y. we are concern?

Can you bifurgate the amount of CPU + Monitor and others?

Regards

(Guest)

Originally posted by :CA RAMESH KUMAR AHUJA
"	During the course of assessment the Assessing Officer has raised a query and asked the assessee to justify that :Why the depreciation on computer peripherals be not restricted to 25% instead of 60%? Is there any case law in support of the the Assessee's contentions that depreciation on computer peripherals is admissible @ 60% and not 25%.? How the same may be explained to convince the AO?	"