Poonawalla fincorps
Poonawalla fincorps

Tally erp9 purchase software is a fixed assets

This query is : Resolved 

06 September 2012 Dear sir,

tell me 1)tally ERP9 software is installation of firms for the purpose of accounting it can taken expenses or fixed assets 2) if it is fixed assets please inform what is the percentage of depreciation
3)and we taken credit input tax to sales tax on capital goods.

Thanking you
Regards
Ramesha.m

06 September 2012 Take It as Software as Intangible Asset, Depreciation Allowed 25% Under Income Tax Act.

06 September 2012 Take It as Software as Intangible Asset, Depreciation Allowed 25% Under Income Tax Act.

Capitalise Input Tax Credit .


06 September 2012 Dear sir,

Thanks you very much

Regards
Ramesha.m



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