Rate of depreciation on intagible assets under Co's Act 1956

A private limited company engaged in the sale of cars, very recently got its trademarks registered for which it has to expenes Rs.11000/- INR. Now, if these Rs 11000/- are to be projected as an intangible asset in balance sheet, what would be the rate of depreciation regarding intangible assets prescribed under Companies Act, 1956 as per section 205 and 350 of the said enactment regarding companies.

Can these expenses be treated as REVENUE in nature, and debited to P & L account.

 

Samir Bhatia
CA Student
JALANDHAR

 

Replies (1)

I Wanted rates of depreciation as per companies act & as per income tax rates for Financial year ending 31/03/2010

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details