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

ATMs Classified as Plant and Machinery for Higher Depreciation Rate of 40% Instead of 15% for Tax Purposes. https://www.taxtmi.com/highlights?id=71216 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 en-us Mon, 31 Jul 2023 06:52:41 +0530 Mon, 31 Jul 2023 06:52:41 +0530 TaxTMI RSS Generator ATMs Classified as Plant and Machinery for Higher Depreciation Rate of 40% Instead of 15% for Tax Purposes. https://www.taxtmi.com/highlights?id=71216 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 Highlights Income Tax Mon, 31 Jul 2023 06:52:41 +0530 https://www.taxtmi.com/highlights?id=71216