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Taxability of software expenses

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25 July 2014 Dear Experts,

I want to ask that after amendment in Finance Act 2012 which states that computer software expenses should be treated as royalty. My question is that now should we charge it to profit and loss account or to show as Computer as an asset...??
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
25 July 2014 do not mix accounts and income tax, for deciding whether to capitalise or charge to revenue you need to follow as26.

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