hello... as per revised sch vi computer software are classified under intangible asset... so now whats the rate of dep for computer software ? 25% or 60%
Menu
Rate of dep
Replies (4)
for I-T purpose, the assets are required to be taken under the respective block & not as per Co's Act. Hence the rate of deprn shud be taken as 60% only.
and what about dep as per company act for software
do reply......................
Hey kaya ,
i think even the computer software comes under the same block as that of computer and hence 60% depreciation rate is applicable to it
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
