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Dep on Computer Software

sanyam jain (Articleship) (65 Points)

11 February 2018

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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7 Replies

Rishi Mehta (Ur friend ) (1533 Points)
Replied 11 February 2018

Depreciation will be allowed @ 60% on Computers including computer software .

sanyam jain (Articleship) (65 Points)
Replied 11 February 2018

Sir..40% is the amended rate. Now no relevance of 60%.
First check law

sweta patil (36 Points)
Replied 11 February 2018

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

1 Like

sanyam jain (Articleship) (65 Points)
Replied 11 February 2018

Its Asking for Login Id-Password

RAJA P M ("Do the Right Thing...!!!") (127171 Points)
Replied 11 February 2018

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.

(Guest)

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

prithvi (Manager) (71 Points)
Replied 20 May 2020

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.