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Is (tally)software an asset? if so how it is to be treated?

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(Querist)
23 May 2013 For example if Tally software is used for accounting purpose of a company or institute and every year there may be a renewal or not. How to treat it in accounting system?
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Anil Sankar V

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Anil Sankar V (Expert)
23 May 2013 ya treated as FA, can be dep. too

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