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Depreciation

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(Querist)
24 December 2015 Can we capitalise computer softwares in our books, if yes then what rate of depreciation will be charge? as per IT act,& companies act
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Ankur Singhal

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Ankur Singhal (Expert)
24 December 2015 dear
From the Finance Act 2013, Computer softwares can not be capitalized it need to be expensed.

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