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depreciation/amortisation of intangible asset

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(Querist)
21 September 2007 wheather expenditure on software of considerable amount is to be capitalised or treated as revenue expenditure? if it is to be capitalised then what rate the companies act prescribes?
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AjeshkumarM.P

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AjeshkumarM.P (Expert)
21 September 2007 You can write off this amount with in 5 years as equel part means if the amount is Rs 100 u can write off Rs 20 per year as depreciation and it should be noted on notes on accounts schedule
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