depreciation on
sonography machine
x-ray machine
hospital equipment
hospital furniture
water cooler
ups and battery
ac and fan
printer
led
r o machine
please tell me it's very urgent
As per IT act....
| General Plant and Machinery; water cooler, RO etc ... | 15% |
Sonography machine & X ray machine, Life Saving Medical Equipment etc .... 40%.
| Furniture and Fittings including electrical fittings .... | 10% |
Sonography and X-Ray machine do not find a place in the appendix to Income Tax Rules, which prescribes rates of depreciation. Under Part III Plant and Machinery at serial (xia) the list of Life saving medical equipment is there which may please be referred. Therefore, Sonography and X-Ray machines should be eligible for depreciation @ 15% and not 40%.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
