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Intangible assets

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(Querist)
02 January 2014 I want to ask whether Set top Box is covered under Intangible assets or not and the class of depreciation can claim on it? ans as erly as possible. and under which section
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
02 January 2014 it is a tangible asset and not intangible asset.
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sneha kumbhar

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sneha kumbhar (Querist)
02 January 2014 under which section of income tax
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
02 January 2014 Section is not required as accounting concepts and fundamentals of accounts says.
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sneha kumbhar

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sneha kumbhar (Querist)
02 January 2014 i have to ans I.T. Officer under which sec it is covered
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
02 January 2014 you can refer sec 32 and also ask him to check about revised sch VI it will be covered under fixed assetd.
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