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depreciation rate as per co. act

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(Querist)
07 May 2008 what is the rate of depreciation as per co. act for computer software under WDV method?
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Amit Sharma

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Amit Sharma (Expert)
07 May 2008 Dear Padmashri,

Depreciation rate for computer software under WDV (Comapnies Act) is 16.2%

Income Tax Act - 60%.
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
07 May 2008 No,

Under Co. act dep rate for computers on wdv basis is 40% and on slm basis is 16.21%.

under income tax it is 60% (wdv only)
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