depreciation rate
SDR ASSOCIATES (380 Points)
15 March 2019
What is the income tax depreciation rate for browsing center computers
11 Replies
venkata krishna reddy
(chartered accountant)
(792 Points)
Replied 15 March 2019
Computers and computer software-40% w.e.f 1.4.2017
Kritika Shetty
(accounts)
(311 Points)
Replied 15 March 2019
Yes, block of assets in IT are depreciated as per WDV, & computers & peripherals are depreciated at 40%.
Priya Kashyap
(Student)
(7053 Points)
Replied 15 March 2019
is there any reason behind doing so by Income tax authorities
Shivam RC
(Student)
(23683 Points)
Replied 15 March 2019
The Rate of Depreciation of Computers and Computer Software is 40% under W.D.V Method.
Income Tax Department recognises only Written Down Value Method ( WDV ) of Depreciation.
Income Tax Department recognises only Written Down Value Method ( WDV ) of Depreciation.
mayank sanchety
(41 Points)
Replied 16 March 2019
Can't Computer Softwares Like MS Office, Photoshop be a part of Computer Equipment
montee Idaiyar
(other)
(341 Points)
Replied 16 March 2019
Yes, if the life period of the software is more than 1 year, otherwise its revenue expenditure i.e. debited to P&L acc.
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