Applicability of depreciation

[Guest]

Whether Computer Printer and computer Networking are also eligible for 60% Depreciation under Income tax Act ??

[Surender Gupta]

The meaning of computer is not limited to CPU or Monitor of any specific part. In general printer is also forming part of computer system and therefore would be eligible for higher depreciation.

AI Summary

Computer asset classification: printers and networking equipment qualify as computer components and attract higher depreciation under income tax rules. Whether printers and networking equipment fall within the term computer for depreciation. The term is not limited to CPU or monitor; peripherals and networking components forming part of a computer system are included and thus qualify as computer assets eligible for the higher depreciation rate under the Income Tax Act.