Hi,
Is the Printer is depreciate by 40% as per company act like computer or 13.91(P&M) general.
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Depreciation on Printer
Replies (11)
40%
Hey... wait the above rate is as per WDV method.. i mean, if its WDV, then 40%...
But, under SLM, the rate is 16.21%......
Yes same rate as computer.
16.21% is for all Date Processing Machines as per companies Act.
13.91 as plant machinery...
printer is a peripheral device of computer which can not work on its own. so it should be treated and depreciated as and accordingly computer used to
.......It depends on nature of Business....
If printer is used in Manufacturing Process it would be considered Plant & Machinery...like in case of Printing Agency or News Paper Agency
otherwise it would be considered as component of Computer itself.........
agree with naman
WHO IS RESPONSIBLE FOR THIS BLUNDER...
PLEASE SEE
/forum/who-is-responsible-for-this-blunder--82380.asp
What is the rate for printer as per IT act? is it 60 % or 10%?
10% as per i.t. act it is treated as plant and machinery
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