Easy Office
LCI Learning

Software development charges

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 April 2012 Ours is a partnership firm and have spent Rs 3.50 lakhs on software development. Should the same be capitalised or be treated as expense for the year
Profile Image

Sumti Bhadani

Profile Image

Sumti Bhadani (Expert)
24 April 2012 Software development charges should be capitalized if the same has enhanced the operating efficiency and can be used for more than one year. Depreciation can be claimed on the same under Intangible Assets.
Profile Image

CA PRAVEEN SINGH

Profile Image

CA PRAVEEN SINGH (Expert)
24 April 2012 YES AGREE WITH ABOVE EXPERT...
IT SHOULD BE CAPATILISED...




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



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links