Depreciation Rate

Hi Nanju,

The Depreciation rates for computer software as per The Income Tax Act is 60% and as per the companies act 16.21% if the company is following Written down value method and 40% if the company is following Straight Line Method

60% as per I.Tax Act

Many companies are taking 40%

Income Tax Act - WDV Method - 60%

Companies Act - WDV - 40% & SLM - 16.21%

hi friends how r u

Rate as  per income tax is 60%

As per companies act 40% (wdv)

                                        16.21% (slm)

Hi dear

Priyanka, Satish & Ankit are right.

Deprecaiation on computer software as per the provisions of Income tax Act is 60% .

As per Companies Act ,

a) if WDV method follows :- 16.21%

b) if SLm method follows : 40%

My friends, I feel the rate of 40% and 16.21 % WDV and SLM as prescribed under the Cos. Act are for hardware and AS-26 Intangible Assets will prevail for amortization of software. As per the said standard any intangible asset has to be w/o within a period of max 10 yrs; as per para 65 of AS-26, the rate of amortization has to less than even 10 yrs considering the tech obsolescense.

Kindly give ur feedback.

But as per AS-26, we should follow only SLM method and not WDV.

is it?

hi,

i want knwo the 2008 fixed Assets Depriciation Rate for company purpose.

Best Regards,

Radha

60% as per it act, 1961

Hi

Will any one clarify me about the applicability of depreciation in Trade Mark (i.e intangible assets).

40% is the depreciation rate for Trade Mark.