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DEPRECIATION ON SOFTWARE OF COMPUTERS UNDER COMPANY ACT

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(Querist)
23 May 2008 HOW MUCH RATE OF DEPRECIATION CALCULATE
ON SOFTWARE ITEMS UNDER COMPANY ACT
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
23 May 2008 i think there is no seperate dep. rate for software in i.t. better u debit cost od software in computers and charge 60% dep with computers.
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Jitender

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Jitender (Expert)
23 May 2008 the rate which is applicable to computer is chargeable as rate for computer software. refer schedule -XIV also.
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