Tally software purchased: exp.or asset?
This query is : Resolved
16 March 2020
Dear expert,
Tell me tally software purchased is expense or fixed asset?
If asset then depreciation allowed as per IT act?
Tell me tally software purchased is expense or fixed asset?
If asset then depreciation allowed as per IT act?
16 March 2020
YES ITS A SOFTWARE SHOULD BE CAPITALISED UNDER COMPUTER AND SOFTWARES.
YES IT DEP AVAILABLE.
YES IT DEP AVAILABLE.
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