Depreciation as per companies act 2013
This query is : Resolved
23 July 2015
Under which head can software be classified as per the provisions of CA 2013 to determine is rate of depreciation.
23 July 2015
Also the rate for intangibles like license
23 July 2015
No depreciation rate has been provided for software as per provisions of CA 2013. Classify it under intangible assets and charge depreciation for 10 years, i ncase of actual life less than 10 years apply life based on actual life.
Same principle applies to licence.
Same principle applies to licence.
Message likes :
1 times
23 July 2015
Thanks Sir.
This means it has to accounted for as per the accounting standards?
This means it has to accounted for as per the accounting standards?
23 July 2015
Yes account it as per accounting standard.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR selection for salaries and capital gain less than L
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- ITR returnFY25-26
- BIS Certificates
- Itr 1 processing
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
