Dear All,
Recently we made lumpsum payment for Intellectual property rights on a software.
Can we claim depreciation U/s 32 under Block 'Intangible Assets.
1 Replies
Ashish M
(Chartered Accountant)
(2731 Points)
Replied 06 January 2008
in my view, since IPR's are intangible assets, we can claim depreciation under Appendix -I, Part-B @ 25%
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