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Income Tax - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

Depreciation on expenditure incurred on the development of ...

Case Laws     Income Tax

August 2, 2017

Depreciation on expenditure incurred on the development of software as well as purchase of software is capital in nature - at the rate of 25% or at the rate of 60% - it is the substance of the matter which should be looked into rather than the form or the nomenclature.

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