Need help under salary head

computers and smart phones... 50% dep WDV

cars                                                  20%          slm

and other fixed asset                    10%          slm

bhai aryan car is 20 % WDV not SLM

but my que. is that what more item are comes under 50% wdv head it is written electronic items in book but they still they take AC, TV etc in other assets....???

arey...computer...laptop...smart phones...and car ko chor kr baki electronics....

acha to TC, fridge, AC ye sab kisme aaega bta

3 category hai na...

computers

cars

and others...

others me ayega....ankit ji...

ok aab kuch samzh aa raha hai

par 2 category Computer & other electronic gadgets hai

ye other electronic gadgets kya hai.....???

tv...fridge...AC....CAMERA...BLAH BLAH BLHA........

COMPUTER AND OTHERS ME SIRF 3 THINGS AATE HAI..

1. COMPUTER

2. LAPTOP

3. SMART PHONES

ok thanks aryan

really aab ache se samzh aa gya

hey in which city do u live & in which level of CA u r in..???

I AM FROM ASANSOL...WB...I'M IN CA FINAL

Originally posted by : Ankit
	Guys, under the head Income from salary under Transfer of movable assets:- what all item are included in electronic item & what r in other assets ...????   Plzz..... give me brief explanation .............

under head of salary no depriciation allowed. depriciation is allowed only in case of business.

sharma ji depreciation ka pucha kisne wese ......

first of all you must be cleared about themeaning of words 'electronic' & 'electrical'

word electronics means that all those gadgets which use 'chip' system(storage devices) like calculator, mobile phones,computers etc. as they work with memory card/discs etc.

and

word electrical means that all those appliances which use the 'motion' power to work like fan, cooler, machinery etc as they work with a 'motor'

now as there are three catagories specified viz. electronic items,car & other assets therefore car, though being run by a motor has a specific catagory & all other electrical items are counted under other assets

now you can easily classify your movable assets under cosideration to appropriate catagory  

Dear friends

Computer and electronic items.  50% WDV.

Motor Car : 20% WDV

Other Assets : 10% SLM

Let us analayse 

Computer includes desktop and laptops and now tablets also. Certainly not smartphones.

What is electronic item. Electronic items are those items which are related to computers only. This explanations is given in income tax rules.

Therefore electronic item list gets truncated to printers, CD rom. scanners etc. 

All other electronic items including smartphones not related to computers comes under other assets. 

I cannot recall the name of the case law where in it was held UPS shall come under electronic item. But CA-IPCC students can ignore this point. I also do not raise this point in my class. Let this point be for practical purpose.

Motor car : Only 4 wheelers included. 2 wheeler comes under other assets.

Other asset: Which are not computer, not electronic item related to computer and not motor car.

thanks

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