For an assessee carrying on a business, is depreciation on business-related e-books and online educational materials allowed?
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Is depreciation on e-books allowed for an assessee carrying on a business?
Replies (2)
No not at all
depreciation is allowed on tangible assets used in a business, such as machinery or equipment, rather than on intangible assets like e-books. Intangible assets are often expensed rather than depreciated.
For specific and up-to-date information regarding the tax treatment of e-books and online educational materials in your jurisdiction, it's recommended to consult with a tax professional or the relevant tax authority. They can provide accurate guidance based on the latest regulations applicable to your situation.
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