AMOUNT SPENT FOR WEBSITE DEVELOPMENT
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 January 2010
A company spent 200,000.00 for the website
how we can treat this expense..can we capitalise .......and writeoff certian amount each year or we can treat as a asset and depreciating year by year ???
how we can treat this expense..can we capitalise .......and writeoff certian amount each year or we can treat as a asset and depreciating year by year ???
12 January 2010
Expenditure on development of website with a view to diseminate information about assessee's business activities amongst its clients is revenue expenditure.
Citation :- CIT Vs Indian Visit.com pvt Ltd (2008) 219 CTR (Del) 603.
Citation :- CIT Vs Indian Visit.com pvt Ltd (2008) 219 CTR (Del) 603.
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