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
Menu
Purchase of Licensed Software
Replies (2)
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
Recent Topics :
- One time commission filing in ITR2
- 600128 HSN rate
- Social Security benefit from US by resident
- E-way notices
- Itr form for Salary income, Interest, Dividend And
- Will my TDS be deducted as NRI?
- PENSION ARREAR RECEIVED - EPS 95 SCHEME
- Processing of Form 144 (prev 27Q)
- Capital Gain on sale of Vacant Land- Whether Demol
- Hello dear I want help .
Related Topics :
CAclubindia
