Depreciation on website

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 November 2013 Can anyone please tell me is website is an asset or an expense ??
If asset what is the rate of depreciation both as per companies act and IT act.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
26 November 2013 depreciation is a non cash exp...charge at rates as per co act for accounts.
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