Federal Bank Ltd. v. ACIT (2011) 332 ITR 319 (Kerala High Court) – On this issue, the High Court held that the rate of depreciation of 60% is available to computers and there is no ground to treat the communication equipment as computers. Hence, EPABX and mobile phones are not computers and therefore, are not entitled to higher depreciation at 60%.

More Under Income Tax

Posted Under

Category : Income Tax (20866)
Type : Judiciary (8910)
Tags : high court judgments (3225) section 32 (113)
  • AKSHYA

    sir,could you please tell the rate to be used for depreciating EPABX ?

    • chaitra

      15% pa as per IT Act.

Search Posts by Date

September 2016
MTWTFSS
« Aug  
 1234
567891011
12131415161718
19202122232425
2627282930