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very urgent depreciation on Sonography and xray machine

11 September 2019

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

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2 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 12 September 2019

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%

1 Like

PARAS CHHAJED (CA Practice ) (942 Points)
Replied 21 September 2023

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%.