Treatment of Software purchased
This query is : Resolved
23 July 2010
I have purchased Tally Software of Rs 13500 in a company. Whether it will fixed assets or indirect exp. If Fixed assets then what will be the Dep rate.
23 July 2010
It can be Capitalised and depreciate 16.21% as per companies act
24 July 2010
According to you I have to depreciate on SLM basis. May I know the reason behind it.
25 July 2010
Please treat is as expenses as the software of TALLY is required to be renewed each year!
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