Data Network Cables - Whether Plant and Machinery, Income Tax

[sathyanarayanan kasinathan]

Whether Data Networking cables can be classified as plant and machinery alongwith Routing equipments under the  Income Tax Act classifications. Whether any decisions available.

Posts / Replies

[Surender Gupta]

In my view, the same should be considered as capital asset if in the nature of new setup and development of system. Otherwise it may fall under current repairs.