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Depreciation rate for computer, laptop, computer software fy 2018-2019

Poonam (Accountant) (79 Points)

10 April 2019

Hi,

Please tell me depreciation rate for Computer, computer software, laptops, keyboard for FY 2018-2019.

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9 Replies

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 10 April 2019

company act or income tax act

Puja Sharma (CA) (433 Points)
Replied 10 April 2019

Under Companies Act - concept of useful life is being followed

a. Servers and Networks - 6 years

b Computer, laptop - 3 years.

However the mgmt of the company can accept different useful life.

Under Income Tax Act,

Computer and computer software - 40% Rate of Dep.

Puneet Taneja (Finance Professional) (1149 Points)
Replied 03 September 2020

As per Income Tax Act,1961

Rate of Depreciation on Computer, Computer Software, Laptops and Keyboard - 40 %

As Per Companies Act, 2013 Useful life of Computer, Laptops is 3 Years and Servers and Networks is 6 years.

Rate of Depreciation for Computer , Laptops under Straight line method is 31.67% per year and Written down value method is 63.16% per year.

Rate of Depreciation for Servers and networks under Straight line method is 15.83% per year and Written down value method is 39.30% per year.

shahyar husain (1235 Points)
Replied 05 December 2020

Depreciation Rates as per the Income Tax Act 60% for computers and computer softwares and 33.3 for laptops.

Neethi V. Kannanth (.) (19015 Points)
Replied 13 January 2021

As per the Income tax Act depreciation rate is 40% for the computers, computer software and laptops.

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 30 January 2021

Rate for Computer is 40%. Also complete list is given on below link

https://www.incometaxindia.gov.in/Charts%20%20Tables/Depreciation%20rates.htm

Ritik Chopra (student) (8123 Points)
Replied 13 February 2021

Depreciation rate for Computers including computer software and laptops is 40%. A “Computer software” means any computer programme recorded on any disc, tape, perforated media or other information storage device.

Neha (ENTREPRENEUR) (200 Points)
Replied 07 February 2023

As per the Income Tax Act, 1961 in India, the depreciation rate for computers, computer software, and laptops is 40%. This rate applies to these assets as they are considered as "Electronic gadgets and appliances" and their useful life is assumed to be 5 years.

Nurul Ahmed (6 Points)
Replied 04 June 2023

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