Depreciation
DEBASIS MAITI (TAX CONSULTANT) (40 Points)
28 March 2017
What is life of Software as per companies act
1 Replies
Rahul Shah
(Assistant Chartered Accountant)
(196 Points)
Replied 28 March 2017
As applicable to computers subject to duration of licence period if License Period is infinite then it should be amortized on SLM over a period not exceeding 10years.
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