Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

depreciation rate for computer software

Answer Posted / kavitha

THE DEPRECIATION RATE FOR COMPUTERS UNDER INCOME TAX ACT
1961 IS 60 PERCENT. THIS INCLUDES COMPUTER SOFTWARES. THE
DEPRECIATION RATE UNDER COMPANIES ACT 1956 IS 40 PERCENT
UNDER WDV METHOD. THE SECTION APPLICABLE IS 350 UNDER
COMPANIES ACT 1956 AND SCHEDULE XIV. THE DEPRECIATION IS
FOR DATA PROCESSING MACHINES INCLUDING COMPUTERS. SO WE
ALSO CONSIDER THE SOFTWARES, PRINTERS SCANNERS AS A
PERIPHERAL PART OF THE COMPUTER AND APPLY A RATE OF 40
PERCENT UNDER COMPANIES ACT.

Is This Answer Correct ?    36 Yes 9 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How can scope of internal audit help you?

1170


i want question papers audit staff selection examination

2295


who is the auditor and his deautis

2341


how to prepare the internal audit sheet ? explain me with example. (take example of LOGISTICS& SUPPLYCHAIN MANGEMENT COMPANY)

3502


what is the reason for controls in an IS environment?

2007


What is an internal audit and what is the role of internal audit?

1064


What does an internal audit charter contain?

1129


How to do an internal audit effectively?

1076


What is final audit?

1115


Explain tangible assets?

1058


What is audit trail in siebel?

1161


Whats are the importance of evaluating an internal audit department?

1102


what is audit & activities of auditor?

2446


Explain the importance of internal audit to the organization?

1095


1.tell me five points of check list of an audit. 2.what do you checking in statutory audit.five main points. 3.what do you checking in internal audit five main points. 4.which five major points checking according to caro.

3173