PGBP(Doubt)

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3 Points Posted on 12 October 2021

Hi,
CCTV cameras installed in
 1. Office 
2. Factory 
considered part of plant & machinery? 
and rate will be 15%
whether add dep 32(1)(iia) will be available?

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On 12 October 2021 at 10:27 Report
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This discussion clarifies whether CCTV cameras installed in an office or factory are classified as plant and machinery for tax depreciation purposes. While factory CCTV cameras may qualify for additional depreciation under Section 32(1)(iia) if other conditions are met, those in office premises generally do not, as they are not directly used in the production of goods.

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Team Lead
7558 Points Posted on 12 October 2021
Not available since it's not used in production of goods.
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On 12 October 2021 at 11:08
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790 Points Posted on 12 October 2021
As per (b) of second proviso to Section 32(1)(iia), if all other conditions are fulfilled, then additional depreciation on CCTV cameras at factory will be available but that at office will not be available.
This is because additional depreciation on plant & machinery at office premises is not available.
This is my humble opinion.
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On 12 October 2021 at 12:28

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