Depreciation on ATMs - to be treated as computers or plant and ...

ATMs Classified as Plant and Machinery for Higher Depreciation Rate of 40% Instead of 15% for Tax Purposes.

July 31, 2023

Case Laws Income Tax AT

Depreciation on ATMs - to be treated as computers or plant and machineries - @15% or 40% - AO directed to allow higher depreciation of 40% as claimed by the assessee on ATM machine - AT

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Depreciation on ATMs - to be treated as computers or plant and ...

ATMs Classified as Plant and Machinery for Higher Depreciation Rate of 40% Instead of 15% for Tax Purposes.

July 31, 2023

Case Laws Income Tax AT

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