the main confusion about UPS is whether it should be treated as Computer or as a Machinery.
Computer is nothing but a assembly of different parts to get a device in a workable condition...
since the UPS is an essential part comprising a computer, it should be treated as a computer.
Although Computer is also a machinery yet a specific depreciation rate is provided for the computer in IT act.
hence 60% dep will be allowed...........
the main confusion about UPS is whether it should be treated as Computer or as a Machinery.
Computer is nothing but a assembly of different parts to get a device in a workable condition...
since the UPS is an essential part comprising a computer, it should be treated as a computer.
Although Computer is also a machinery yet a specific depreciation rate is provided for the computer in IT act.
hence 60% dep will be allowed...........
thats right .....
Please tell me Depreciation Rate or A.year 2010 -11 Computer , Car , Bike, Furniture, Machinery , Computer
Saumil Shah
CAclubindia
