Intangible assets write off
This query is : Resolved
12 March 2021
Due to some issues in accounting software it is decided that to remove the software and to install new soft ware. i want to ask we have WDV of old software and also remaining life available in books. now we want to write off the closing wdv. if we do so can we claim the write off in taxable income computation and can take tax benefit??
CA R SEETHARAMAN
(Expert)
12 March 2021
Only in books you can write off. Claim normal depreciation in income tax.
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