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Income Tax - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

Claim of Depreciation on the Film Projector - to be depreciated ...


Film Projector Depreciation Set at 15%, Not 60%, Due to Non-Computer Classification for Tax Purposes.

February 10, 2018

Case Laws     Income Tax     AT

Claim of Depreciation on the Film Projector - to be depreciated @ 15% instead of 60% - Though some elements of computer function are necessarily involved, the film projector in this case cannot be said to be computer entitled for higher rate of depreciation of 60% applicable for computation. - AT

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