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Depreciation

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(Querist)
05 June 2013 What is the rate of depreciation for a software (costing Rs. 4 lac) under the companies act...
I found nothing about the intangible assets in schedule 14.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
05 June 2013 Software will be depreciated based on useful life. as per companies act 16.21% under SLM

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