Assessee Granted 60% Depreciation Rate for Windows Software as per Rule 5, Income Tax Rules, 1962.

Assessee Granted 60% Depreciation Rate for Windows Software as per Rule 5, Income Tax Rules, 1962. https://www.taxtmi.com/highlights?id=60323 Disallowance of excess depreciation on computer software - assessee had purchased software being operating system for Windows and claimed depreciation as per Rule 5 of IT Rules, 1962 @ 60% as applicable to computer and computer software. - AO directed to allow depreciation @ 60% as claimed by the assessee. - AT en-us Sat, 30 Oct 2021 19:19:01 +0530 Sat, 30 Oct 2021 19:19:01 +0530 TaxTMI RSS Generator Assessee Granted 60% Depreciation Rate for Windows Software as per Rule 5, Income Tax Rules, 1962. https://www.taxtmi.com/highlights?id=60323 Disallowance of excess depreciation on computer software - assessee had purchased software being operating system for Windows and claimed depreciation as per Rule 5 of IT Rules, 1962 @ 60% as applicable to computer and computer software. - AO directed to allow depreciation @ 60% as claimed by the assessee. - AT Highlights Income Tax Sat, 30 Oct 2021 19:19:01 +0530 https://www.taxtmi.com/highlights?id=60323