Depreciation rate
This query is : Resolved
27 August 2013
What is the depreciation rate as per Companies Act, 1956 for
1) Computer
2) Depreciation
3) Accounting software (if it is CAPEX)
What is the depreciation rate as per Companies Act, 1956 for
1) Computer
2) Depreciation
3) Accounting software (if it is CAPEX)
27 August 2013
1. Sch VI specify the rate 40% WDV/SLM 16.21% on data processing machines including Computers.
2. Software as an Intangible Asset (AS 26) - write off during its life.
or
as an expense - shows in the year in which expense incurred.
2. Software as an Intangible Asset (AS 26) - write off during its life.
or
as an expense - shows in the year in which expense incurred.
Message likes :
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27 August 2013
thanks Mr. Alok.
I am very greatful to you.
Thanks a Lot for quick reply!!!
I am very greatful to you.
Thanks a Lot for quick reply!!!
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