Allowability of expenditure incurred to obtain Trade Mark
This query is : Resolved
18 October 2009
Whether the expenditure incurred for obtaining the trade mark is a revenue expenditure or not? Pl refer case laws if any.
Reply to my email.
t.adinarayana@yahoo.com
Reply to my email.
t.adinarayana@yahoo.com
18 October 2009
The Trade mark logo creation expenses will be treated as capital expenditure and the consultancy charges for registering and fees will be treated as revenue expenses.
18 October 2009
Agree with Expert
18 October 2009
Can we claim depreciation on the cost incurred for trade mark?
19 October 2009
Yes depreciation can be claimed for trade mark @ 25% under the Income tax Act,1961, being an intangible asset.
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