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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Rate of depreciation on software - @25% or @60% - computer ...


Depreciation Rate for Software Set at 60% as per Note 7 in Appendix, Not 25.

February 1, 2019

Case Laws     Income Tax     AT

Rate of depreciation on software - @25% or @60% - computer included computer software. Note 7 of the Appendix, defines computer software as any computer programme recorded in any information storage device. - assessee was eligible to claim depreciation at the rate of 60%

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