can anyone send me a current depriciation rate as per income tax act & company act 1956.
Please send me FBT rate on all type of exp.
Imran
| Originally posted by :Nanju | ||
| " | Respected All, Can anyone tell me what is the rate of depreciation for Computer Software. Thanks. |
" |
| Originally posted by :VIPLOVE GOYAL | ||
| " | it is 60% as per income tax act and as per as-26 u can write off it on slm basis in ten year or any better suitable method |
" |
| Originally posted by :VIPLOVE GOYAL | ||
| " | it is 60% as per income tax act and as per as-26 u can write off it on slm basis in ten year or any better suitable method |
" |
Deepak Sahni
(CA in Practice)
(65 Points)
Replied 21 September 2008
hi
what will be the dep rate as per company and income tax act
on SERVERS..
It a central storage device for all other computers
shailesh agarwal
(professional accountant)
(0 Points)
Replied 23 September 2008
| Originally posted by :Guest | ||
| " | 60% as per IT Act and 40% as per Companies Act | " |
hi
on printer-rate of depreciation is15%
it falla in catagory of plant and machinery-as it produced something
not it is a part of computer
Rajender
(Chartered Accountant)
(34 Points)
Replied 30 September 2008
| Originally posted by :Guest | ||
| " |
hey!
As per AS-26, 10 years period is maximum period over which intangibel assets can be amortised unless there is strong cast to demonstrate that the life is even more than 10 years. However, the Companies needs to asses the economic life of the intangible assets for the purpose of amortisation. It may be 2 year, 3 years, etc depending on the assessment of the management. hence, there is nothing wrong in amortising the intangibles for shorter period.
|
" |
| Originally posted by :Nanjundeswar | ||
| " | Respected All, Can anyone tell me what is the rate of depreciation for Computer Software. Thanks. |
" |
sarang jain
(Chartered Accountant)
(30 Points)
Replied 21 October 2008
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