What is the rate of depreciation on intangible assets
What is Tax Depreciation? Tax depreciation is the depreciation expense claimed by a taxpayer on a tax return to compensate for the loss in the value of the tangible assets Tangible Assets Tangible assets are assets with a physical form and that hold value. Examples include property, plant, and equipment. allows depreciation at the rate of 25%, considering such costs as “intangible assets.” The ruling is surely welcomed, as it deals with a significant tax issue faced by infrastructure companies as to whether the “right to collect toll charges” is an “intangible asset.” The ruling deviates from the clarification provided by the