Deperication rates

Sir,

please provide deperication rates % of busy software

Thank you
Replies (4)
Quick Summary
This discussion clarifies the depreciation rate for software, stating it's 40% under the IT Act. It also touches upon the relevant asset class for this rate. This information is crucial for businesses looking to accurately account for software assets.

For software, rate of depreciation is 40% under IT Act.

Under which class of assets.
Thank you Dhirajlal Sir,

My Pleasure.                         

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