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(Querist)
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
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CA DHAVAL MISTRY

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CA DHAVAL MISTRY (Expert)
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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