Depreciation rate
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 January 2012
rate of depreciation on computer software as per companies act??
16 January 2012
As per----
Companies Act - 40%
Income Tax Act - 60%
Companies Act - 40%
Income Tax Act - 60%
16 January 2012
thanks sir.
another link:
http://taxguru.in/income-tax/rates-of-depreciation-as-per-income-tax-act-for-a-y-2010-11.html
http://taxguru.in/hubs/depreciation_rates_as_per_income_tax_act_for_ay_11-12/
another link:
http://taxguru.in/income-tax/rates-of-depreciation-as-per-income-tax-act-for-a-y-2010-11.html
http://taxguru.in/hubs/depreciation_rates_as_per_income_tax_act_for_ay_11-12/
16 January 2012
IF ITS A COMPUTER PERMANENT SOFTWARE THEN ITS DEPRECIATION COMAPANIES ACT: 40% AND I.T.ACT: 60%
OTHERWISE ITS RECURRING OR TEMPORARY SOFTWARE THEN ITS GOING TO EXPENSES COMPUTER MAINTAINCE OR COMPUTER PERIPHERAL HEAD
OTHERWISE ITS RECURRING OR TEMPORARY SOFTWARE THEN ITS GOING TO EXPENSES COMPUTER MAINTAINCE OR COMPUTER PERIPHERAL HEAD
16 January 2012
Also read article from below link with regard to Capitalization of expenditure on software....
http://www.taxmann.com/fileopener.aspx?stype=3&searchid=8701
http://www.taxmann.com/fileopener.aspx?stype=3&searchid=8701
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
