Software depreciation
This query is : Resolved
10 November 2014
freinds, if a person has purchased zen software of rs 10600 then what is the rate of depreciation on it and can it be taken as revenue expenditure and allowed in same year
10 November 2014
Can be revenue expenditure. Please see
CIT Vs. Asahi India Safety Glass Ltd (2011) 203 Taxman 277 (Del).
CIT Vs. Asahi India Safety Glass Ltd (2011) 203 Taxman 277 (Del).
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