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Depreciation rate

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 January 2012 rate of depreciation on computer software as per companies act??
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
16 January 2012 As per----
Companies Act - 40%
Income Tax Act - 60%
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
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/
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Nayan Das

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Nayan Das (Expert)
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
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
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
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