hardware and software.
Anything that can be stored electronically is computer software and machines
used to run the software is called hardware. Thus ... customers were nothing but computer softwares. These education
softwares were a kind of computer software the primary purpose of which
computer software. When the statute specifically provides for
treating the computer software as a capital asset and
allowing depreciation thereon ... computer software. When the statute specifically provides for
treating the computer software as a capital asset and allowing
depreciation thereon
compute its total income accordingly.
4:0 Re.: Disallowance of depreciation claimed @ 60% on computer software ... expenditure on computer software in
question related to SAP software and that the income-tax authorities erred
in allowing depreciation @ 25%. In support
submitted that it was submitted before the AO that depreciation
on computer software was allowable at the rate of 60% and the
assessee ... peruse the definitions of computer software and intellectual
property rights, it will be evident that computer software and
intellectual property rights
assessee
observed that the rate of depreciation of computer including
computer software is 60% but the rate of depreciation on intangible ... software is used alongwith computer
notwithstanding that such software may be acquired/purchased
independent of the computer, such hardware or software
State, (d) at least 50 instructors under their control holding educational qualifications in Computer Science from any recognized University or Institutions ... computer hardware, software, accessories, installation, maintenance of hardware and software and provide computer training to the students and teachers by employing
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assessee; and (ii) depreciation on computer software claimed by the
assessee, for non deduction ... adjustment, while deleting the proposal to disallow depreciation
claimed on computer software. The proposal to disallow provision for rent
came to be upheld
software.
The Ld. Assessing Officer has referred in the first point of
computer Kiosk that computer software is allowed
depreciation ... defines it " computer including computer software and
computer software means any computer programme recorded
alternative claim that if the
expenditure on computer software is treated as capital expenditure, depreciation
thereon should be allowed, it is observed that ... issue relating to assessee's alternative claim for depreciation on computer software
if the same is treated as capital expenditure
depreciation on computer
peripherals/accessories ignoring that as per the IT Rules 60%
depreciation is allowable only on computer and computer ... claimed depreciation @ 60%
on computer accessories and peripherals. The AO, however, observed that
only computers and computer software
