Suitable blocks as per pgbp

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47 Points Posted on 19 May 2021
what is the suitable blocks of air conditioner as per income tax act 1961. for purpose of calculation of depreciation
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On 19 May 2021 at 12:47 Report
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When calculating depreciation for air conditioners under the Income Tax Act 1961, their classification depends on their usage. If an air conditioner is installed in a factory, it's typically considered part of 'plant and machinery'. However, if it's used in an office setting, it's generally classified under 'furniture'.

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2398 Points Posted on 19 May 2021
If it is used in factories you can included under plant and machinery.

if it is used in office you can keep under furniture.

this is my opinion others may tell that it will be under plant and machinery.
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On 19 May 2021 at 12:55
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tax consultant
3306 Points Posted on 19 May 2021
Ramaraju is right.
electrical appliances are classified as furniture.
only in case where its installed in factory premises it is taken as plant and machinery.
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On 19 May 2021 at 13:15

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