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Depreciation

rakesh rai (Student CA IPC / IPCC) (30 Points)

28 September 2018

What Rate are Applicable of old Computer that are purchase financial year 16-17 and tally software purchase F.Y 17-18 as per income tax for A.Y 18-19

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4 Replies

RAJA P M ("Do the Right Thing...!!!") (127142 Points)
Replied 28 September 2018

As per IT Act Depreciation Rate @ 40% in AY 18-19 For the above said Computer and Software...

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 28 September 2018

COMPUTERS >> 40%

SOFTWARE >> INTANGIBLE ASSETS >> 25%

Ashwin Kumar (1229 Points)
Replied 29 September 2018

alrt:NAVEEN CHAND computer and software fall unser the same block and depreciation rate for it is 40% said by RAJA PM/....software does not fall under the category of intangible asset.

Ashwin Kumar (1229 Points)
Replied 29 September 2018

alrt:NAVEEN CHAND computer and software fall unser the same block and depreciation rate for it is 40% said by RAJA PM/....software does not fall under the category of intangible asset.