Re: [LIS-Forum] Depreciation of Library Books

Dear colleagues Although it is a restricted document yet I will talk to my authorities if it can be uploaded on forum. You will hear something +ve soon. One more thing this type of work should have been done by our associations which have become the place of projecting people who have almost no contributions in profession. Now a days I have seen professionals are using forum to get articles from others which is gross violation of copyright and not ethical. These professional perhaps do not know or understand ILL. Regards Dr Anil K Tyagi Scientist 'G' DESIDOC, DRDO Delhi-110054 DISCLAIMER: The information contained in this message may be privileged and confidential. If you are NOT the intended recipient, please notify the sender immediately with a copy to tyagiakdr@gmail.com and destroy this message.Please be aware that email communication can be intercepted in transmission or misdirected. Your use of email to communicate any information contained in this email indicates that you acknowledge and accept the possible risks associated with such communication. This email and any files transmitted with it are confidential and are solely for the use ofthe individual to which it is addressed. Distribution, copying or any use by any other person is strictly prohibited. On 04-Aug-2015 14:51, "vinod mishra" wrote:

Dear Sir,

Is it possible to share with library community the policy adopted and approved, If so kindly share with all please or let us know how can we get it.

On Mon, Aug 3, 2015 at 4:01 PM, Anil K Tyagi wrote:

...

Dear Professionals,

Rule 136 of GFR 2005 mandate that library materials (books, periodicals, etc.) are excluded from the definition of Goods and therefore depreciation clause should not be applicable for reading materials. However, at the same time there are provisions exist in libraries for weeding out of books and journals. Large organisations like DRDO has its own policy and may be made available, if required. This policy is approved by the Dept of Expenditure, Ministry of Finance, GOI, in 1999.

Regards

*Dr Anil K Tyagi* Scientist 'G' ISSA, DRDO Delhi-110054

*DISCLAIMER:*The information contained in this message may be privileged and confidential. If you are NOT the intended recipient, please notify the sender immediately with a copy to *t yagiakdr@gmail.com *and destroy this message. Please be aware that email communication can be intercepted in transmission or misdirected. Your use of email to communicate any information contained in this email indicates that you acknowledge and accept the possible risks associated with such communication. This email and any files transmitted with it are confidential and are solely for the use of the individual to which it is addressed. Distribution, copying or any use by any other person is strictly prohibited.

On Sun, Aug 2, 2015 at 1:32 PM, Prahalad G Tadasad wrote:

...

Arup RoyChodhury's findings on depreciation of books refer to individual IT assesses who carry on a profession.

As Prof Koteswara Rao had put it clearly Books are neither considered goods nor services in either GFR or state transparency acts.

They are educational materials and can be weeded out based on a policy of weeding

On Fri, Jul 31, 2015 at 2:19 PM, Arup Raychaudhury wrote:

...

9) (i) Books owned by assessees carrying on a profession— (a) Books, being annual publications 100 (b) Books, other than those covered by entry (a) above 60 (ii) Books owned by assessees carrying on business in 100 running lending libraries Visit:

...

...

-- Arup Raychaudhury Library Indian Statistical Institute 203 BT Road Kolkata 700108. INDIA Phone: 91-33-2575-2106 Fax: 91-33-2578-1412

...

In the first place - library books and journals do not come under goods as per the general financial rules, forget about depreciation. Books are invaluable asset of libraries. Asigning phsical or monetary value is meaningless.If books are damaged, they are removed and written off from the holdings and the original cost is deducted from the assets. Dr Koteswara raoFormer librarian, UoH

Sent by Outlook for Android

On Tue, Jul 28, 2015 at 2:23 AM -0700, "NIHAD FAISAL" < nihadmk@gmail.com

wrote: Dear professionals,

Could anybody suggest the useful life of library books to calculate

...

...

...

depreciation in Accounting purpose? Our accounts department is asking approximate years of using of print books for depreciation calculation. kindly suggest your view in this regard.

Thanking you

Yours faithfully,

--

*NIHAD FAISAL +965 65949240, 5590280*

*The information contained in this e-mail and any files transmitted with it are likely to be confidential and for the sole use of the intended recipient(s) named above only. It may contain confidential and privileged information. If you are not the intended recipient, please contact

http://www.incometaxindia.gov.in/charts%20%20tables/depreciation%20rates.htm the the

...

...

...

sender by reply e-mail and destroy all copies of the original message. Any unauthorized review, use, disclosure, dissemination, forwarding, printing or copying of this e-mail is strictly prohibited and may be unlawful. You may forward this e-mail and / or attachments to a third party on a strict "need to know" basis.*

-- This message has been scanned for viruses and dangerous content by MailScanner, and is believed to be clean.