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Accounting of software of computer

(Querist) 23 July 2012 This query is : Resolved 
how to account under which group?
1.when a licence fees for purchasing of the software has paid for the lifetime period of the business of rs 700000/- how to accounted and how to written off?
2.when installation charges has paid for the installation of the software,how to accounted ?
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Sankaranarayanan (Expert) 23 July 2012
you can take as capital assets under the heading of computer and can claim depreciation too

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