Data Network Cables - Whether Plant and Machinery

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..... Data Network Cables - Whether Plant and Machinery
Query (Issue) Started By: - sathyanarayanan kasinathan Dated:- 22-12-2010 Last Reply Date:- 21-6-2011 Income Tax
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Income Tax
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..... hether Data Networking cables can be classified as plant and machinery alongwith Routing equipments under the Income Tax Act classifications. Whether any decisions available. Reply By Surender Gupta: .....

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..... The Reply: In my view, the same should be considered as capital asset if in the nature of new setup and development of system. Otherwise it may fall under current repairs.
Discussion Forum - Kno .....

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..... wledge Sharing .....

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