https://www.taxtmi.com/forum/issue?id=108867 The query asks whether the useful life of computer software (e.g., SAP) is determined by the Companies Act, 2013. The operative conclusion is that the Companies Act, 2013 contains no express provision specifying useful life or depreciation treatment for computer software, leaving such determinations to applicable accounting standards and company policy rather than to the Companies Act. en-us Thu, 09 Jul 2015 15:22:37 +0530 Thu, 23 Jan 2025 15:56:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108867 The query asks whether the useful life of computer software (e.g., SAP) is determined by the Companies Act, 2013. The operative conclusion is that the Companies Act, 2013 contains no express provision specifying useful life or depreciation treatment for computer software, leaving such determinations to applicable accounting standards and company policy rather than to the Companies Act. Discussion-Forum Companies Law Thu, 09 Jul 2015 15:22:37 +0530 https://www.taxtmi.com/forum/issue?id=108867