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Dep rate on website

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 January 2014 what is the rate of depriciation on websites as per companies act ?

thanks in advance
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AVTAR SINGH

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AVTAR SINGH (Expert)
16 January 2014 Refer AS-26 on intangible asset. Website development charges are is to be amortised in 5 years.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
16 January 2014 Cost of website is 'revenue expenditure' hence question of depreciation doesn't arise under Companies Act and Income tax Act as well.
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