DPT 3 Intangible asset covered

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This discussion clarifies how to handle intangible assets when filing DPT-3. Software and tech know-how are considered intangible assets and must be included in the net worth calculation. Specifically, the Written Down Value (WDV) of these assets should be deducted from the net worth.

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(Querist)
01 June 2022 Dear All,
In case of DPT 3 filling net worth calculation
-what is covered or mean of other intangible assets?
-we have to deduct WDV or gross block of intangible asset from net worth?
pls guide
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
01 June 2022 Software is considered as other intangible assets. Hence it will be considered for calculating net worth in DPT-3.
Deduct WDV.
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Nikkk

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Nikkk (Querist)
01 June 2022 Sir,
thanks for your reply
is tech know how also covered in this?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
01 June 2022 Yes, it's covered.........
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