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depreciation rate
What is the income tax depreciation rate for browsing center computers
Replies (11)
Computers and computer software-40% w.e.f 1.4.2017
40%
SLM or wdv??
wdv
so why are we taught SLM ! 😅
Yes, block of assets in IT are depreciated as per WDV, & computers & peripherals are depreciated at 40%.
is there any reason behind doing so by Income tax authorities
The Rate of Depreciation of Computers and Computer Software is 40% under W.D.V Method.
Income Tax Department recognises only Written Down Value Method ( WDV ) of Depreciation.
Income Tax Department recognises only Written Down Value Method ( WDV ) of Depreciation.
Can't Computer Softwares Like MS Office, Photoshop be a part of Computer Equipment
Yes, if the life period of the software is more than 1 year, otherwise its revenue expenditure i.e. debited to P&L acc.
thank you and congratulations
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