It is also using in various business as an essential tool. Nowadays usage of mobile increasing rapidly, does not matter about which industry we are talking, either educational field, entertainment source, or enhancing our business by providing an excellent source of networking. Mobile is emerging not only as an advance technology communicating device and entertaining source but also playing a vital role in the era of industrial revolution.
Taxact Software For MicrosoftThis ta4 file type entry was marked as obsolete and no longer supported file format. The ta4 file stores tax return for tax year 2014. Even Income tax defined the term Business Expenditure also.The ta4 file extension is related to the TaxACT, a tax preparation software for Microsoft Windows operating system, developed by 2nd Story Software. Only those expenditure which incurred on Business termed as Business Expenditure. And charges tax on net income only. Government and Income Tax Department allows us to reduced business expenditure from gross earning.ITAT ruled, “By very nature of mobile phone, this cannot be fixed to a particular place.” ITAT allowed depreciation without Place of Installation.M/s Kohinoor India private Ltd. Mobile in itself means “ able to move or be moved freely or easily.” As per Cambridge Dictionary Mobile means, “ moving or walking around freely.” The World Book Encyclopaedia also says, “ The Cellular (Mobile) Telephone is a movable telephone unit.” But, what to say about Income Tax Department who rejected Depreciation claim on Mobile Phones as place of Installation was not given.Aggrieved with the Revisionary Order, Assessee approached Mumbai-IAT which settled the case in favour of assessee. Vide para 18 of the Revision Order of the CIT was of the opinion that the assessee has not provided “the place of installation of assets”, which in this case was of mobile phone was not given and therefore the claim of depreciation was not allowable. 2240/Mum/2009)In this case, M/s Rangbahar an assessee, has challenged the validity of the proceedings initiated by the Commissioner of Income tax under section 263 in setting aside the order of the assessing officer under section 143(3).In this case CIT (Commissioner of Income tax), disallowed depreciation on mobiles, as the assessee has not provided “the place of installation” of Mobile Phones. Commissioner of Income Tax – Mumbai- ITAT (ITA No. In Download Free kruti dev hindi fonts 40 wide for ms office 2019 Fonts for Windows and Mac.Business are allowed to claim depreciation on fixed assets used for business purpose only, at a specific rate as provided by Income Tax Department, Now the question arise Does Mobile Comes Under the Category of Fixed Assets, and If Yes Then at What Rate?So, let’s continue our discuss on this and know the view of our Income tax department and various authorities, on this issue.Here are some Case Laws under which some issues related to Mobile like its Location, Classification & rate of depreciation etc are discuss:M/s Rangbahar Vs.Assessee argued that CIT-A has erred in upholding the action of the Assessing Officer in restricting the deprecation on apple I Pad at general rate of 15% (further restricted to 7.5% on the basis of date of purchase). Aggrieved with this Assessee approached CIT (Commissioner of Income tax) – Appeals but CIT-A also restricted the depreciation on Apple Ipad at general rate of 15% (further restricted to 7.5% on the basis of date of purchase).Assessee approached Amrtisar – ITA against the order of CIT-A. Department rejected the claim and allowed depreciation on “IPAD” considering them Plant & Machinery at 15%. 234 & 316/Asr/2017), In this case, Assessee claim depreciation on “IPAD” at the rate of 60% by treating is as computer.![]() As per the General Clauses Act, 1897, if a particular word is not defined in the Central statute then meaning given to such expression under General Clauses Act,It would therefore be relevant to consider the definition contained in the Information Technology Act 2000 The term computer has been defined in section 2(1)(1) and its definition is given below:“ Computer means any electronic, magnetic, optical or other high speed data processing device or system which performs logical, arithmetic, and memory function by manipulation of electronic, magnetic or optical impulses, an includes all input, output processing, storage, computer software, or communication facilities which are connected or related to the computer in a computer system of computer network.”“An electronic device which is capable of receiving information (data) in a particular form and of performing a sequence of operations in accordance with a predetermined but variable set of procedural instructions (program) to produce a result in the form of information or signals.”The definition of computer under the Information Technology Act as well as its meaning in common parlance is relevant to decide the issue at hand. However, if it falls within the definition of Mobile Phone then lower rate of depreciation is allowable.But the problem arises that the term computer has not been defined in the Income Tax Act. If iPad Falls in The Definition of Computer, then High Rate of Depreciation is allowable. IPad is basically a small/ tablet computer and depreciation applicable to a computer is to be allowed for an iPad/tablet.In the present case ITAT was to adjudicate whether the iPad falls in the definition of computer or mobile phone. “IOS” whereas Mac Book uses “OS-X”.B) Both iPad and iPhone contain an inbuilt 2G/3G/4G connectivity and GPS primarily an inherent feature of mobile phone whereas Mac Book does not contain the same.C) Sim card and mobile network comes under both iPad and iPhone and not Mac Book.D) iPad does not have a USB port and this was one of the reasons for rejecting that iPad was a tablet computer. More similarity with iPhone in that both of them share the same operating system i.e. “ The assessing officer was thus not justified in treating the iPad as a general machine and should have allowed depreciation on the same by treating it as a computer”REASONING GIVEN BY THE ASSESSING OFFICER FOR NOT TREATING IPAD AS A COMPUTERIn this case reasoning given by the Assessing Officer for not treating iPad as a computer are as follows:A) Apple has two other variants – one is “I phone” and the other is “Mac Book” and comparison of the technical specifications would reveal that iPad has. Even if a tablet computer has a feature to make telephone/ data calls, it cannot be treated as a phone just as a desktop/laptop has the facility to make a data call through skype and various similar software applications cannot be treated as a phone. Kyocera taskalfa 3550ci kx driver download for macWith regard to the above observation, we are to submit”Counter Argument given by the Assessee are as follows:A) Comparing various products of the same supplier is not the way to determine the exact nature of the electronic device in question. Concluded that iPad had more similarity with iPhone and thus was a phone and not a computer. 43 shows that iPad purchased has USB 2.00 port which is a common port for data transfer as well as charging of iPad.E) iPad does not have a CD Drive and therefore CD’s cannot be run on the iPad nor they can be used to transfer data or documents.F) iPad is not compatible with Windows which is the single most popular operating system used by business all over the world and documents like word, excel sheets, power point presentations which are used and exchanged between business are on the windows platform and these cannot be used there is no question of considering iPad as a computer.“ After making the above comparison, between the various products of Apple. Vba mac emulatorIt is only a means of transferring data which can be done through wired (charging port of iPad) as well as wireless communication such as Wi-Fi, 2G/3G/4G, Bluetooth etc. It can only make a phone call using Wifi or using VoIP (voice over internet protocol) which any desktop computer and other devices can also make.REASONING GIVEN BY THE ASSESSEE FOR TREATING IPAD AS A COMPUTER(i) Availability of ‘USB port is not necessary for describing a device as a computer, Computers existed even before USB port. The model of iPad purchased did not have any calling as a cellular phone. Sim card is available in the iPad for transmission of data only. The exact functions which can be performed by iPad have not been considered at all.B) Having 2G/3G/4G connectivity and GPS does not define a device as a phone Even security devices have above features to transmit data / warning but these are not classified as a phone.C) Sim card and mobile network are also not a determinative test of a computer As-submitted above even security devices have above features but these are not classified as a phone. Also, iCloud is used for storing documents which can be accessed from any other device which is synced. The data in iPad is stored in solid state storage. CD is only a means of copying data for safe keeping or for copying on to other devices. Computers initially worked with punch cards and magnetic storage. Computers existed even before CD drive was invented.
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