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Fixed asset/ intangible

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(Querist)
25 November 2016 One of our client is supposed to purchase a server which will be used to store all the data related to their clients.



Whether that server will be treated as Fixed Asset or Intangible Asset.

And what will be rate of Depreciation.
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CA. Vinodh Kothari

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CA. Vinodh Kothari (Expert)
25 November 2016 Server will be treated as Fixed Assets and the Depreciation Rate is 60% as per Income Tax Act.

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