Can anyone clarify Dep Rate on Computer Software under IT Act. 25% or 40%?
It is included in computers or Intangible Assets.
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Dep on Computer Software
Replies (7)
Depreciation will be allowed @ 60% on Computers including computer software .
Sir..40% is the amended rate. Now no relevance of 60%.
First check law
First check law
Only 40%. Refer link below in forum section Of Imazzea. Login to imazzea refer forum section in left handside. Relevant notification of 40% is also mentioned in below link.
https://imazzea.biz/forums/thread/12/
Regards
Sweta
Its Asking for Login Id-Password
Depreciation Rate for Computers / Computer Software* @ 40% From AY 2018-19
*Computer software” means any computer programme recorded on any disc, tape, perforated media or other information storage device.
*Computer software” means any computer programme recorded on any disc, tape, perforated media or other information storage device.
https://www.incometaxindia.gov.in/_layouts/15/dit/Pages/viewer.aspx?path=https://www.incometaxindia.gov.in/Rules/Income-Tax%20Rules/2008/103120000000007563.htm&IsDlg=0
Software which supports Computer hardware to work properly to be depreciated at 40%. Like DOS, Windows etc. Software without which computer and its hardware can be run are to be depreciated at 25% . Ex Tally, Antivirus softwares.
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