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PURCHASE OF SOFTWARE

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21 April 2010 My client has invested Rs.10.00 lakhs during the financial year 09-10 in purchashing of computer software. Whether it is revenue expenditure or capital expenditure (i) if it is revenue expenditure what is the rate of TDS on payment (ii) if it is capital expenditure what is rate of depreciation ( 15% or 60% )

21 April 2010 IT IS A CAPITAL EXPENDITURE. RATE OF DEPRECIATION 60% AS PER IT ACT AND 40% AS PER COMPANIES ACT.

21 April 2010 AGREED WITH SANJAY JI




21 April 2010 AGREE WITH EXPERT

21 April 2010 agreed



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