Depreciation rate
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 January 2012
rate of depreciation on computer software as per companies act??
16 January 2012
As per----
Companies Act - 40%
Income Tax Act - 60%
Companies Act - 40%
Income Tax Act - 60%
16 January 2012
thanks sir.
another link:
https://taxguru.in/income-tax/rates-of-depreciation-as-per-income-tax-act-for-a-y-2010-11.html
https://taxguru.in/hubs/depreciation_rates_as_per_income_tax_act_for_ay_11-12/
another link:
https://taxguru.in/income-tax/rates-of-depreciation-as-per-income-tax-act-for-a-y-2010-11.html
https://taxguru.in/hubs/depreciation_rates_as_per_income_tax_act_for_ay_11-12/
16 January 2012
IF ITS A COMPUTER PERMANENT SOFTWARE THEN ITS DEPRECIATION COMAPANIES ACT: 40% AND I.T.ACT: 60%
OTHERWISE ITS RECURRING OR TEMPORARY SOFTWARE THEN ITS GOING TO EXPENSES COMPUTER MAINTAINCE OR COMPUTER PERIPHERAL HEAD
OTHERWISE ITS RECURRING OR TEMPORARY SOFTWARE THEN ITS GOING TO EXPENSES COMPUTER MAINTAINCE OR COMPUTER PERIPHERAL HEAD
16 January 2012
Also read article from below link with regard to Capitalization of expenditure on software....
https://www.taxmann.com/fileopener.aspx?stype=3&searchid=8701
https://www.taxmann.com/fileopener.aspx?stype=3&searchid=8701
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