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Depreciation rate
depreciation rate on computer software in 2018_19
Replies (6)
40% on computer and computer equipment
As per income Tax depreciation rate @ 40%
Depreciation rate is 40%
If Computer Software is an integral part of Computer than 40% Depreciation U/s. 32 allow on software with computer allowed.
If Computer Software is not an integral part of Computer than payment of computer software is royalty under section Section 9(1)(vi) and allowed as revenue expenses under section 37(1).
Payment for Computer Software liable to deduct TDS @ 10% under section 194J
The Computer and Computer Software or Computer software is booked under fixed asset then Depreciation is required as per above rate as per income Tax Act...
In case the above said computer software not booked under Fixed Asset then the "Depreciation Query not araise or no need the query...
In case the above said computer software not booked under Fixed Asset then the "Depreciation Query not araise or no need the query...
Yes, 40% is the depreciation rate for computer softwares in 2018-19
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