software
This query is : Resolved
22 March 2017
We have software whose life is 3 yrs. We l charge dep. @ 60%. But what will be the treatment after 3 yrs of the remaining value
23 March 2017
As per Income tax act, any asset which fall in the block of asset loses its identity. You can charge depreciation till the life of asset and thereafter same can be treated as capital loss/profit
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