Tally package, whether tangible or intangible
This query is : Resolved
30 August 2014
I purchased Tally Pakage and installed in my System. Whether it is depreciated at 25% or at 60% Pls Clarify and give the explanation
30 August 2014
For the purpose of Income Tax Act, depreciation is chargeable @ 60% on computers INCLUDING computer software.
SO depreciation on Tally software will be charged @ 60%.
SO depreciation on Tally software will be charged @ 60%.
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