Depreciation rates of following assets
1. e journal
2. computer software
3. computer & peripheral
4. Library books
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Depreciation rates on E- journals and computer software
Replies (1)
Rate of Depreciation as per Income Tax act -
Computer Software - 40%
Computer & Peripheral - 40%
Library Books ( if you are in the business of running Libraries /Books owned If you are in profession ) - 40%
I don't think you will get depreciation on E journals, rather you claim subscripttion to E journal as expense.
If you want depreciation rates under companies act , refer following link -
https://www.taxadda.com/depreciation-rates-as-per-companies-act-2013/
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