a/c head
This query is : Resolved
25 May 2009
There is not fixed tax rate for depreciation on software in companies act. It will be as per AS-26
In income tax act, its 25%
In income tax act, its 25%
25 May 2009
Computer's can be classified under the head" data processing machine inculding computers" and accordingly depreciation under co's act as per SLM can be claimed @ 16.21%.
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