Tally erp9 purchase software is a fixed assets
This query is : Resolved
06 September 2012
Dear sir,
tell me 1)tally ERP9 software is installation of firms for the purpose of accounting it can taken expenses or fixed assets 2) if it is fixed assets please inform what is the percentage of depreciation
3)and we taken credit input tax to sales tax on capital goods.
Thanking you
Regards
Ramesha.m
tell me 1)tally ERP9 software is installation of firms for the purpose of accounting it can taken expenses or fixed assets 2) if it is fixed assets please inform what is the percentage of depreciation
3)and we taken credit input tax to sales tax on capital goods.
Thanking you
Regards
Ramesha.m
CA Ayush Agarwal
(Expert)
06 September 2012
Take It as Software as Intangible Asset, Depreciation Allowed 25% Under Income Tax Act.
CA Ayush Agarwal
(Expert)
06 September 2012
Take It as Software as Intangible Asset, Depreciation Allowed 25% Under Income Tax Act.
Capitalise Input Tax Credit .
Capitalise Input Tax Credit .
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