Know how

This query is : Resolved

Gopal Sahani (Querist)
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26 October 2009 Dear Experts,
What is the difinition of KNOW HOW?
Is this assets? If yes. then which type? Will Depreciation be charged,what is the percentage?

Jitender

Jitender (Expert)
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26 October 2009 it is Fixed assets if it meets the criteria of AS 26. & it is amortized over the max. 10 years.

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