AMOUNT SPENT FOR WEBSITE DEVELOPMENT

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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 ???

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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.

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