Balance
Dep Opening Balance
Depreciation for the year
Deduction/ Adjustment
Total Depreciation
31.03...
31.03...
18
Computer Software
19
E-Journals
20
Patents
Total ... Depreciation/ Amortizations Opening Balance
Depreciation/ Amortizations for the year
Deduction/ Adjustment
Total Depreciation/ Amortizations
31.03...
31.03...
1
Patents & Copyrights
2
Computer Software
expenditure for purchase of software claimed as revenue expenditure. The Assessing Officer found that the assessee purchased software and used in the business of leasing ... however, directed the Assessing Officer to allow depreciation on software as forming part of computer and its accessories. Before us, the assessee
Systems service division
7. The software service division is registered as a Software Technology Park Unit with STPI. The software service division is making profits ... thereafter unabsorbed depreciation treated as current years depreciation under Section 32(2) is to be set off. For computing deduction under Section
table of rates for depreciation in Appendix-I in respect of 'computers including computer softwares'.
16. There is another ... computers including computer software' was introduced for and from asst. yr. 2003-04. Therefore, the alternative plea claiming depreciation
assets, miscellaneous assets, Communication and Telephones, Computers and Software and Temporary structures have been created. Depreciation rates for Minor assets and miscellaneous assets ... depreciation rate has been considered. For Computers and other software and Temporary structures 18% depreciation rate has been considered.
29. As the loan
intellectual property, including but not limited to know-how, copyrights, computer software, technical data, franchises, etc. Later on the consideration payable was reduced ... income for the asst. yr. 2003-04 wherein it claimed depreciation of Rs. 3,05,77,001. The petitioner later on received an intimation
assessee acquired is application software and not system software. The application software has limited life unlike system software, which is used as tools of business ... assessee is in the business of manufacture of hardware and software. The software used is in the production line and hence to be treated
broadcasting, telecasting, on-line on internet, other interactive methods, e-mail, internet, computer, e-learning, correspondence course, or a combination ... Employee" means employee appointed by the University and includes teachers and other staff of the University or a constituent college; (h) "Faculty" means faculty
assessee to have taken Rs. 978.55- lakhs as the base figure to compute the book profits for the purposes of Section 115JB ... account of delayed payment of Provident Fund;
(b) Not allowing depreciation at 60% on software
(c) Disallowance of Rs. 9,34,455 on account
multimedia, broadcasting, telecasting, online, over internet, other interactive methods, e-mail, internet, computer, interactive talk lack, correspondence course, seminar, contact program ... employee" means employee appointed by the University; and includes teachers and other staff of the University or of a constituent college; (xiii) "faculty" means
