Admissibility of expenditure
This query is : Open
15 September 2011
One of my client company has incurred 5lacs (paid to an outside agency) for developing and maintaining website of the company. Whether it is revenue exp. or capital? pl.mention relevant judgement. Also reply in context with AS-26?
15 September 2011
It is revenue expenditure.
Citation :- Lyons Technologies ltd Vs. ACIT (2011) 40(II)ITCL 132 (Ahd-A-Tri).
Citation :- Lyons Technologies ltd Vs. ACIT (2011) 40(II)ITCL 132 (Ahd-A-Tri).
15 September 2011
Dear Sir,
What should be the treatment as per AS-26?
Any highcourt/supremecourt judgement? If possible mail the judgement on vijayguptaca104@yahoo.com. Thanks in advance.
What should be the treatment as per AS-26?
Any highcourt/supremecourt judgement? If possible mail the judgement on vijayguptaca104@yahoo.com. Thanks in advance.
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