https://www.taxtmi.com/caselaws?id=470248 A licence acquired for business software qualifies as computer software eligible for 60% depreciation where it represents a computer program recorded on an information-storage device. Item No. (5) of New Appendix I covers computers including computer software, and Note 7 defines computer software by reference to recorded computer programs. A licence to use Microsoft Dynamics-Ax 2009 retains its character as computer software despite granting only usage rights, so the depreciation claim is allowable. en-us Wed, 01 Aug 2018 00:00:00 +0530 Tue, 21 Jul 2026 17:42:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470248 A licence acquired for business software qualifies as computer software eligible for 60% depreciation where it represents a computer program recorded on an information-storage device. Item No. (5) of New Appendix I covers computers including computer software, and Note 7 defines computer software by reference to recorded computer programs. A licence to use Microsoft Dynamics-Ax 2009 retains its character as computer software despite granting only usage rights, so the depreciation claim is allowable. Case-Laws Income Tax Wed, 01 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470248