Fixed asset/ intangible
This query is : Resolved
25 November 2016
One of our client is supposed to purchase a server which will be used to store all the data related to their clients.
Whether that server will be treated as Fixed Asset or Intangible Asset.
And what will be rate of Depreciation.
Whether that server will be treated as Fixed Asset or Intangible Asset.
And what will be rate of Depreciation.
25 November 2016
Server will be treated as Fixed Assets and the Depreciation Rate is 60% as per Income Tax Act.
VK
VK
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