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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Even though Rules have provided rate of depreciation on computer ...


Depreciation Rate for Software Doesn't Mean All Software is a Capital Asset: Clarification on Classification.

April 3, 2014

Case Laws     Income Tax     AT

Even though Rules have provided rate of depreciation on computer software, but that does not lead to any kind of drawing legal inference that all softwares have to be characterized as capital asset - AT

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