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Income Tax - Highlights / Catch Notes

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Claim of depreciation @ 60% on racks, Xerox machine - AO/TPO ...

Income Tax

May 19, 2020

Claim of depreciation @ 60% on racks, Xerox machine - AO/TPO directed to verify the actual use and nature of Xerox machines and the accessories that has been considered as computer peripherals. In the event it is ascertained able that these accessories and Xerox machines could not be independently used but could only be used on being attached to computer 60% depreciation should be allowed.

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