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dep on software
Software purchase during the year classified under intangible assets or computer.
Replies (6)
intangible assets as per AS 26
Depreciate @ 60%
Intangible assets dep. rate is 25%
Direction on computer software is 60%
Computer software” means any computer programme recorded on any disc, tape, perforated media or other information storage device.
Computer software” means any computer programme recorded on any disc, tape, perforated media or other information storage device.
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%
60% incl in the defination of computer so same rate
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