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Depreciation on software

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Querist : Anonymous

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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%
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swasti

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swasti (Expert)
13 March 2012 You can claim depreciation under computers block and claim depreciation @ 60%.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
05 November 2021 UPDATE: the maximum depreciation allowed under IT act, has been reduced to 40%.




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