Technical know-how

Dear Raman,

                                 This is very Technical Issue whether Technical Know How will be capitalised or not. it depends upon various factors. gerenally Technical Know how is capitalised and depreciation is allowed under section 32 of Income Tax Act, 1961. please write me full detail of the case so that i can give you appropriate reply. my email id is sachinagarwalcallb @ gmail.com

Dear Raman,

in income tax of india allow depriciation on intengible assets on a flat rate of 25% on WDV of Block of Intengible Asset

but As per Sec-35A of Income Tax Act,1961 if the capital expenditure incurred on such integible assets is before the 1st April, 1988

than, is allowed to amortise equally over the period of 14 years or the expected life of the asset whichever is less

this is not my practical experiance and only my interpetation of bare Act

for further querry you mwy contact me at deepak.msap @ gmail.com