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Depreciation rate

Praveen Singh (60 Points)

06 July 2018

depreciation rate on computer software in 2018_19

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Tosif Ali (17 Points)
Replied 06 July 2018

40% on computer and computer equipment

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 06 July 2018

As per income Tax depreciation rate @ 40%

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Anjali P Nair (ACA,ACMA) (582 Points)
Replied 06 July 2018

Depreciation rate is 40%

KOUSHAL JAIN (Chartered Accountant) (471 Points)
Replied 06 July 2018

If Computer Software is an integral part of Computer than 40% Depreciation U/s. 32 allow on software with computer allowed.

If Computer Software is not an integral part of Computer than payment of computer software is royalty under section Section 9(1)(vi) and allowed as revenue expenses under section 37(1).

Payment for Computer Software liable to deduct TDS @ 10% under section 194J

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 06 July 2018

The Computer and Computer Software or Computer software is booked under fixed asset then Depreciation is required as per above rate as per income Tax Act...

In case the above said computer software not booked under Fixed Asset then the "Depreciation Query not araise or no need the query...