Classification of life-saving medical equipment updated: specific devices added to machinery and plant schedule for depreciation. The Income-tax (Fifth Amendment) Rules, 2003 insert a new entry in Appendix I, Part A (Tangible Assets) under 'III. Machinery and Plant,' creating a category for life saving medical equipment and listing specific devices and systems (including defibrillators, haemodialysers, heart-lung machines, therapy units, imaging and angiography systems, ventilators, surgical lasers, gamma knife, bone marrow transplant equipment, fibre optic endoscopes and laparoscopes) to be treated within that category.
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Provisions expressly mentioned in the judgment/order text.
Classification of life-saving medical equipment updated: specific devices added to machinery and plant schedule for depreciation.
The Income-tax (Fifth Amendment) Rules, 2003 insert a new entry in Appendix I, Part A (Tangible Assets) under "III. Machinery and Plant," creating a category for life saving medical equipment and listing specific devices and systems (including defibrillators, haemodialysers, heart-lung machines, therapy units, imaging and angiography systems, ventilators, surgical lasers, gamma knife, bone marrow transplant equipment, fibre optic endoscopes and laparoscopes) to be treated within that category.
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