DPT 3 Intangible asset covered


This query is : Resolved 

Quick Summary
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.

(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

01 June 2022 Software is considered as other intangible assets. Hence it will be considered for calculating net worth in DPT-3.
Deduct WDV.

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

01 June 2022 Yes, it's covered.........


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