banner_ad

Depreciation on computer software

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 October 2013 Software purchased should be charged to P/l completelty or depreciation should be claime @ 60% considering the Amendments as per Finance Act 2012??
Software is purchased from the Indian entity!
Profile Image

CA Pallav Singhania

Profile Image

CA Pallav Singhania (Expert)
22 October 2013 AS PER INCOME TAX ACT IT IS 60% AS THE ACT SAYS THAT THE BLOCK 60% IS APPLICABLE FOR COMPUTER INCLUDING SOFTWARE.

OR
it is amortised as per AS-26(intangible assets)....within 3-5 years
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
10 October 2021 Expenditure over most of the software installed on a computer are revenue in nature.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details