Log In

| Recover password

pexels-pixabay-48148
pexels-august-de-richelieu-4427430
pexels-energepiccom-288477

Computers are entitled to higher depreciation rate. However in the Act no definition of “computer“ can be found. 

 

The bench of the Tribunal in [2022] 28 ITR (Trib)-OL 653 (ITAT[Amrit] using common parlance approach arrived a conclusion that ipad is not a computer, hence depreciation at low rate is applicable.  

 

As per the bench an IPad is a communication device which has close lineage to a smart mobile phone with the its main features being e-mail, whatspp, facetime calls, calls, music, films etc.

Leave a Reply

Your email address will not be published.

error: Do not copy the content of this website.