PURCHASE OF SOFTWARE
This query is : Resolved
21 April 2010
My client has invested Rs.10.00 lakhs during the financial year 09-10 in purchashing of computer software. Whether it is revenue expenditure or capital expenditure (i) if it is revenue expenditure what is the rate of TDS on payment (ii) if it is capital expenditure what is rate of depreciation ( 15% or 60% )
21 April 2010
IT IS A CAPITAL EXPENDITURE. RATE OF DEPRECIATION 60% AS PER IT ACT AND 40% AS PER COMPANIES ACT.
21 April 2010
AGREED WITH SANJAY JI
21 April 2010
AGREE WITH EXPERT
21 April 2010
agreed
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