that license fees paid for the use of computer software is
eligible for depreciation @ 25% under Part B of Appendix-1
without appreciating ... license fees for the use of computer software
is eligible for depreciation at 60%.
3. For A.Y. 2007-08 following ground
Appendix - I which defines the computer software
as under:
"Computer software means any computer programme
recorded ... provides the depreciation
@ 60% on the computer software and the term 'computer
software' has also been defined
amendment rate of depreciation for computers was
made to read "Computers including computer software
(See note ... treated
as capital expenditure. However, at the same time
computer software depreciation has to be allowed at
60%. Therefore, we set aside
computer
software but the 'computer software' being part of the "computer" qualifies
for depreciation ... provided separately for computer software, computer including computer software
shall be eligible for depreciation @ 60%. Therefore, we uphold
business after
computing the deduction under section 10A of the Act.
9. Depreciation on cost of computer software incurred during ... erred by not allowing
depreciation on the written down value of the computer software
brought forward from
software as
revenue expenditure without appreciating the fact that computer software forms
part of computers for the purpose of allowing depreciation ... software as
revenue expenditure without appreciating the fact that computer software forms
part of computers for the purpose of allowing depreciation
which the computer
software is used is again peculiar, General mode is
to acquire computer software on a license. That ... granting 60%
depreciation on computer software that even the
legislature considers the life of computer software as
about two years
field of Engineering, Architecture, Technology, Communication, Environment, Law and Legal Education, Management, Computer Application, Life Sciences, Agricultural Sciences, Applied Sciences, Social Sciences, Humanities ... with Indian Ayurvedic Council, Indian Dental Science Council, Indian Pharmacy Council, National Teachers Training Council, University Grants Commission, Bar Council of India, Distance Education Council
erred in not allowing the depreciation on software expenses
capitalized in the books of account under the head "Software Products". The
learned ACIT ... business of development of computer
software, therefore adopt different method of accounting for software
development expenses during the period of its development till
Himalayan University, Itanagar (Arunachal Pradesh) Act, 2012
ARUNACHAL PRADESH
India
Himalayan University, Itanagar (Arunachal Pradesh
