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PURCHASE OF SOFTWARE

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ravikanth (Querist)
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21 April 2010 My client has invested Rs.10.00 lakhs during the financial year 09-10 in purchashing of computer software. Whether it is revenue expenditure or capital expenditure (i) if it is revenue expenditure what is the rate of TDS on payment (ii) if it is capital expenditure what is rate of depreciation ( 15% or 60% )

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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21 April 2010 IT IS A CAPITAL EXPENDITURE. RATE OF DEPRECIATION 60% AS PER IT ACT AND 40% AS PER COMPANIES ACT.

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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21 April 2010 AGREED WITH SANJAY JI

CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)
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21 April 2010 AGREE WITH EXPERT

Chandresh Pitroda

Chandresh Pitroda (Expert)
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21 April 2010 agreed

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