Hi Can any one tell me what is the rate of depreciation on computer software as per companies act & income tax act
CA Manoj Tilokani
(JOB)
(163 Points)
Replied 12 June 2010
BROTHER AS PER INCOME TAX ACT IT IS 60% AS THE ACT SAYS THAT THE BLOCK 60% IS APPLICABLE FOR COMPUTER INCLUDING SOFTWARES.
CAclubindia
