depreciation rate as per co. act
This query is : Resolved
07 May 2008
what is the rate of depreciation as per co. act for computer software under WDV method?
07 May 2008
Dear Padmashri,
Depreciation rate for computer software under WDV (Comapnies Act) is 16.2%
Income Tax Act - 60%.
Depreciation rate for computer software under WDV (Comapnies Act) is 16.2%
Income Tax Act - 60%.
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)
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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