Easy Office

Capitalisation of taxes paid on purchase of software

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 July 2016 If a Pvt. Ltd. company purchases Quick Heal Antivirus software (expiry after 3 years) then do it become its Intangible Asset? and do taxes paid on such purchase e.g. VAT or Service tax will capitalize to the cost of such software?
Profile Image

bharath

Profile Image

bharath (Expert)
26 July 2016 There are two options either you can capitalize the same or you can claim input credit.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links