Depreciation rate as per income tax rate
This query is : Resolved
14 June 2013
Dear Sir,
What is depreciation rate as per income tax on Trademark and Website?
What is depreciation rate as per income tax on Trademark and Website?
14 June 2013
depreciation on intangible assets is 25%
14 June 2013
Website would fall under definition of intangible asset on which depreciation @ 25% is allowable.
Citation:- Makemytrip (India) Pvt. Ltd. Vs. Deputy Commissioner of Income-tax ,I.T. A. No.3916/Del/2009 (ITAT- Del).
Citation:- Makemytrip (India) Pvt. Ltd. Vs. Deputy Commissioner of Income-tax ,I.T. A. No.3916/Del/2009 (ITAT- Del).
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