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dude* (Querist)
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25 May 2009 vi

Deepak Agrawal

Deepak Agrawal (Expert)
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25 May 2009 There is not fixed tax rate for depreciation on software in companies act. It will be as per AS-26

In income tax act, its 25%

dude* (Querist)
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25 May 2009

dude* (Querist)
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25 May 2009 as per SLM co's act

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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25 May 2009 Computer's can be classified under the head" data processing machine inculding computers" and accordingly depreciation under co's act as per SLM can be claimed @ 16.21%.

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