POS TERMINALS are in the nature of computers and not in the nature of office equipment and would therefore be eligible for depreciation @60% and not 15%. Hon’ble Delhi High Court in the case of Pr. CIT VS. Connaught Plaza Restaurant has held that POS TERMINALS are in the nature of computers and therefore depreciation is allowable @60%. (AY 2009-2010)
Dy. CIT v. Oxigen Services India P. Ltd. (2019) 69 ITR 63 (SN) (Delhi)(Trib. )
S. 32 : Depreciation-POS TERMINALS are in the nature of computers – Entitle to depreciation at 60%. [S. 2(11), 2(13)]