https://www.taxtmi.com/highlights?id=35679 Depreciation on expenditure incurred on the development of software as well as purchase of software is capital in nature - at the rate of 25% or at the rate of 60% - it is the substance of the matter which should be looked into rather than the form or the nomenclature. en-us Wed, 02 Aug 2017 09:03:54 +0530 Wed, 02 Aug 2017 09:03:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=35679 Depreciation on expenditure incurred on the development of software as well as purchase of software is capital in nature - at the rate of 25% or at the rate of 60% - it is the substance of the matter which should be looked into rather than the form or the nomenclature. Highlights Income Tax Wed, 02 Aug 2017 09:03:54 +0530 https://www.taxtmi.com/highlights?id=35679