Depreciation on Computer Software

what is the rate of Computer Software under companies Act?

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Dear JAy..........

60%.................rate hogi........ukadna hain jo ukhad le...............

 

Originally posted by : Jay Shah

what is the rate of Computer Software under companies Act?
Originally posted by : Jay Shah

what is the rate of Computer Software under companies Act?

 The computer softwares are intangibles as per AS-26 "Accounting for Intangibles".  The  rate of depreciation as per schedule VI of companies act 1956 is defined to be 25%....

60% and pls refer Sch  XIV before going public.......

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