Help me

as per WDV it is 40%

as per SLM it is 16.21%

As per Companies Act 40%

As per Income Tax Act 60%

Regards,

Devendra K

This rate is on computer not on computer software.

The Rate for Computer and Computer Software is Same

the dep rate on comp software is not mentioned in the Com Law..

it specifies only the data processing machines including Computers.

going by the sec 211(3C) of the Comp Act, the NAS's are to be followed, hence the NAS-26 Intagibles would be recognised and the approximation of its life and using SLM amortise the Intangible Asset software, giving a note of the useful life of the software as per the Management's view.