Accounting treatment of Software
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 August 2010
Tally ERP software costing Rs. 500000/- whether includes in intangible assets or computer software? & what is depreciation rate for this assets?
11 August 2010
Capitalise under Computer.
Rate of Dep:
As per companies Act 40%
As per Income Tax Act 60%
Rate of Dep:
As per companies Act 40%
As per Income Tax Act 60%
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