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rate of depreciation on Printer

Trisha Bedi (CA) (78 Points)

05 August 2008

Can any body tell me the rate of depreciation to be charged on Printer as per IT Act. I am confused whether it should be treated as part of Computer Bloc or Block of Plant & Machinery. PLs Revert AWAP.

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12 Replies

Sanjivkumar Shah (Account Manager) (286 Points)
Replied 05 August 2008

Hi Risha,

1. As per your query, the rate of deprecication under Income Tax Act, is 60%.

Regards

Sanjiv Shah

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CA RAMESH KUMAR AHUJA (CA, DISA, LLB) (5452 Points)
Replied 05 August 2008

Yes, it is 60% in IT and 40% in Co Law.

aashish (ca) (22 Points)
Replied 09 November 2008

hello sanjiv can you please mail me the Dep chart as per the companies act, and income tax act to my id, rahul_singhal_22 @ yahoo.com

CA Gaurav Gupta (Practice) (307 Points)
Replied 12 November 2008

15% if purchased after the comp

60% if purchased with comp

(Guest)

dep rate on printer if it is purchased with or without computer set.

paramdeep gaur (JOB) (25 Points)
Replied 25 June 2009

Originally posted by :gaurav gupta
"	15% if purchased after the comp 60% if purchased with comp	"

this information is not valid, their is no provsion in income tax for such condition. So, on printer the rate of depreciation will be 60 % if it was bought before six month.........

RAJU (LEARNER) (1089 Points)
Replied 25 June 2009

It is 15% whether purchases with or without computer.

Indudhar (Tax Advocate) (427 Points)
Replied 25 June 2009

I agree with dharmaraju

sachin (Associate) (22 Points)
Replied 16 September 2009

Originally posted by :gaurav gupta
"	15% if purchased after the comp 60% if purchased with comp

Friends,

Depreciation on printers are chargeable @ 60%. reference can be made to decisions of Kolkata and Delhi Tribunal in 98 ITD 119 (Kol) and 30 SOT 284 (Del) respectively

RAMNIK (PARTNERS ) (27 Points)
Replied 31 August 2011

CASE LAW DETAILS
Decided by: ITAT, DELHI BENCH `B’: NEW DELHI
In The case of: ACIT v Container Corporation of India Ltd.
Appeal No. : ITA Nos. 2851 & 3680/Del/2007
Decided on: February 27, 2009

RELEVANT PARAGRAPHS:

40. The accessories and peripherals of computers provide input processing, storage and various output devices. The output devices such as printer, scanner etc. are computer peripherals and form essential parts of PC. These output devices cannot work in isolation and also working on computer system without an output device such as printer would be futile. In view of the above, the claim of depreciation at 60% on printer, scanner and other computer peripherals is completely justified. The claim of depreciation of 60% further gets justified in view of the fact that even computer software which is installed on computer system supports the computer hardware and is eligible for depreciation at 60%.

41. As held by the Calcutta High Court decision in Jokai India Ltd. 251 ITR 39. in view of decision of Kolkata, ITAT in the case of ITO Vs. Sa Majumdar-2804TR~ 74, we hold that printers, scanners and other peripherals were part and parcel of computer and depreciation against such asset are allowable @ 60%. This ground is to be decided in favour of the assessee and against the revenue in view of the decision of the Kolkata Bench `B’ of the Tribunal in the case of ITO vs. Samiran Majumdar (2006) 98 ITD 119 (Kol) wherein the Tribunal allowed the claim by observing as under :

“Therefore, the printer and scanner were integral part of the computer system and were to be treated as computer for the purposes of allowing higher rate of depreciation, i.e., 60 per cent and accordingly, no interference was required in the order passed by the Commissioner (Appeals) on that account.” Therefore, the effective ground remains with regard to deduction under section 80IA in respect of inland ports.

42. We accordingly uphold the order of the CIT(A) in allowing depreciation @ 60% on computer peripherals and accessories by treating them as computers.

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