Software purchase treatment
CA Naveen Kumar (PROPRIETOR) (61 Points)
27 May 2017
Software purchased for 12 lakh, is it to be shown as royalty or intangible assets for income tax purpose
2 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 27 May 2017
It is an intangible assests & you can claim dep @ 25% on it
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