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

can external audit be seen as merely an overhead cost adding no value to the orgnisation

3375


What is vouching?

1248


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.

3208


What are the different advantages and disadvantages of internal audit?

1246


what is the difference you can make by doing your course in the country of your choice

2438


How to do an internal audit effectively?

1123


Whats are the importance of evaluating an internal audit department?

1138


i want question papers audit staff selection examination

2343


Do you know what are the reasons for getting audited?

1115


Why does a systems auditor need to use professional judgement when selecting audit procedures?

1107


What is external audit?

1175


How I can evaluate the internal control audit?

1260


Would you consider alternative vacancies if so which:

4513


is replacement of DVD writer come under fixed assets. I think that it cannot increase earning capacity or it cannot any separate identity.please clarify me

2292


HOW TO DO LEDGER SCRUTINY?

2961