Is website intangible asset or software

CA CMA Sri Teja (Finance) (42 Points)

24 September 2013  

Hello everyone,


For the purpose of Depreciation as per IT Act,1961 is website treated as intangible asset or software?

i.e. is the rate of Dep on website is 25% or 60% ?

please quote any rule or case law 

Thanks in Advance