what is the rate of Computer Software under companies Act?
shirish sirohiya
(article)
(31 Points)
Replied 22 July 2010
| Originally posted by : Jay Shah | ||
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what is the rate of Computer Software under companies Act? |
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The computer softwares are intangibles as per AS-26 "Accounting for Intangibles". The rate of depreciation as per schedule VI of companies act 1956 is defined to be 25%....
CA Shekhar A. Maheshwari
(job)
(46 Points)
Replied 22 July 2010
60% and pls refer Sch XIV before going public.......
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
CAclubindia
