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Depreciation rate as per company act

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 September 2013 Please,can Anyone tell me depreciation rate on software as per company act 1956 for F.Y 12-13.

Thanking You.
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
26 September 2013 Depreciation as per Companies Act 40 percent...
Depreciation as per IT act 60 percent...
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Ganeshbabu K

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Ganeshbabu K (Expert)
02 October 2013 Software is required to depreciate over period of licence,,,
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if life of software is unlimited like MS office YOU CAN DEPRECIATE AS PER RATES PROVIDED BY ABOVE EXPER
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