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Depreciation rate

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(Querist)
27 August 2013
What is the depreciation rate as per Companies Act, 1956 for

1) Computer
2) Depreciation
3) Accounting software (if it is CAPEX)
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Aalok Chhaperwal

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Aalok Chhaperwal (Expert)
27 August 2013 1. Sch VI specify the rate 40% WDV/SLM 16.21% on data processing machines including Computers.

2. Software as an Intangible Asset (AS 26) - write off during its life.

or

as an expense - shows in the year in which expense incurred.
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CA JAYESH RELKAR

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CA JAYESH RELKAR (Querist)
27 August 2013 thanks Mr. Alok.
I am very greatful to you.

Thanks a Lot for quick reply!!!
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