Dear Sirs,
Does purchase of licensed software come under ASSETS? If so, is depreciation allowed on that?
If they do not come under assets? can they be treated as business expenditure?
Kindly let me know.
Regards,
Rajesh
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Purchase of Licensed Software
Replies (2)
yes,licensed software come under assets.and depn is provided @ 60% rate.
60% Depreciation whether you buy the software or whether it comes as a bundled package with your PC. It willbe in the same block with PCs
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