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dep on software

Preety Acharya (85 Points)

27 September 2017

Software purchase during the year classified under intangible assets or computer.

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6 Replies

ARAVIND PILLARI (5 Points)
Replied 27 September 2017

intangible assets as per AS 26

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chamarthi venkatesh (Student CA Articleship) (848 Points)
Replied 27 September 2017

Depreciate @ 60%

Preety Acharya (85 Points)
Replied 27 September 2017

Intangible assets dep. rate is 25%

chamarthi venkatesh (Student CA Articleship) (848 Points)
Replied 28 September 2017

Direction on computer software is 60%

Computer software” means any computer programme recorded on any disc, tape, perforated media or other information storage device.

Ashwin Kumar (1234 Points)
Replied 28 September 2017

Under computer and softwares block deep @ the rate of 60% provided used for more than 180 days until the end of the accounting year if not then only 30%