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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%.


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