Expenses for writing off of Intangible assets is allowed

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18 Points Posted on 19 December 2020
If an Intangible asset is not providing me the benefit for which it was created, Whether I can write off it and cliam deduction in income tax too
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On 19 December 2020 at 13:04 Report
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Quick Summary
This discussion explores whether it's possible to write off intangible assets that are no longer providing their intended benefits. The consensus suggests that claiming depreciation at 25% is the standard approach, and a direct write-off for tax deduction purposes may not be permitted in such cases.

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734 Points Posted on 28 December 2020
Claim dep @ 25% no written off possible.
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On 28 December 2020 at 20:44
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18 Points Posted on 28 December 2020
Ok sir thanks for your help
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On 28 December 2020 at 20:46

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