https://www.taxtmi.com/highlights?id=53999 Disallowance of software expenses - Disallowance is in respect of expenditure claimed towards “repairs - computers-annual maintenance” and “Repairs-computers-others” - AO has treated it as capital expenditure on the reasoning that it was towards purchase of licenses and allowed depreciation at the rate of 25% - even if the expenditure is treated as capital, depreciation would be allowable at the rate of 60% en-us Mon, 13 Jul 2020 10:57:29 +0530 Mon, 13 Jul 2020 10:57:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53999 Disallowance of software expenses - Disallowance is in respect of expenditure claimed towards “repairs - computers-annual maintenance” and “Repairs-computers-others” - AO has treated it as capital expenditure on the reasoning that it was towards purchase of licenses and allowed depreciation at the rate of 25% - even if the expenditure is treated as capital, depreciation would be allowable at the rate of 60% Highlights Income Tax Mon, 13 Jul 2020 10:57:29 +0530 https://www.taxtmi.com/highlights?id=53999