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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Relief u/s Section 89
- Nomination of Bank for refund in itr 2
- Rent lease agreement
- Supply through E-commerce Operators
- Merchant Export Accounting
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
