Depreciation on software
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 March 2012
i have purchase one software form microsoft and is life is just 2 year.
after that i need to renivew.
for the same softwere undre wich block i can claim depreciation ????
wethar 25% or 60& or 100%
after that i need to renivew.
for the same softwere undre wich block i can claim depreciation ????
wethar 25% or 60& or 100%
13 March 2012
You can claim depreciation under computers block and claim depreciation @ 60%.
Message likes :
1 times
05 November 2021
UPDATE: the maximum depreciation allowed under IT act, has been reduced to 40%.
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