depreciation u/s 32(1)(ii)

Dear members

u/s 32(1)(ii) of profits & gains from business or profession does the phrase "computer includes computer software" includes printer or scanner????

plz answer

Replies (22)

yes dear Neha... it includes printer as well as scanner because they cant be used without a Computer. Hence they cant be grouped under any other block da.

Originally posted by : saranraj

yes dear Neha... it includes printer as well as scanner because they cant be used without a Computer. Hence they cant be grouped under any other block da.
yup...it includes printer n scanner..

actually to the best of ma knowledge it depends........it can be said that they cant use without comp so they includes in computer bt if we go thru language then computer and computer software wud nt included printers and scanners they can be considered as plant and machinery.......

Originally posted by : NIDHI

actually to the best of ma knowledge it depends........it can be said that they cant use without comp so they includes in computer bt if we go thru language then computer and computer software wud nt included printers and scanners they can be considered as plant and machinery.......

Dear Nidhi 

We cant go for dictionary meaning for each and every asset. It will be absurd if we do so.  Plant and machinery is one which has a distinct identity and help in generating revenue.  Without Computers printers and scanners are of no use. They are pheripherals of Computers which in turn has to be Classified only Under COMPUTERS rather than grouping it under PLANT AND MACHINERY...

Regards

S A R A N R A J   B.Com, IDA

actually as i know we have 3 kind of blocks of tangible assets mainly i.e. buildings(all buildings) , furniture and fixture (all f& f) and plant and m/c (other than building and f & f)...if a particular item is not covered in building and f&f that will be  covered in plant & m/c....so we can add printers and scanner in plant and m/c subject to an explaintory notes...nd this answer is also to the best of ma knowledge

and as i know there are lots of jugdements which are based on language of act not the particular meaning.....

hey,

whats the rate of depreciation for car for a/y 2010-2011.

i m just confused in between 15% and 30%.

is any criteria for dep. rate for car another  vehicle....

Hey Neha.. as far as my kowledge goes Computer, Printer & Scanner doesn't come under the same rate of depreciation. So the rate of Depreciation would be 60% for computer while it would be 15% for both Printer & Scanner

All electronic items are depreciable at the rate of 60% accordance with IT rules.

So, Depreciation for computer is 60%. If printer or scanner are attach therewid  than it would be part of computer n will charge at the rate of 60%.There is nothing like 15% or 30% for printer or scanner......

Depreciation for car is 15%.It's come under the block of plant & machinery {15%}.....

Dear Neha....

printer & scanner are hardwares directly related with computer

so as per my knowledge they should be added in computer block & eligible for 60% depreciation.

neha, thanx 4 ur reply

but i m only want to know about dep. on commercial vehicle and othe vehicle...

so plz clear me about that....

Ohkey... thnz 4 u a guidance

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