Applicability of AS 7 for software development
This query is : Resolved
19 December 2009
A company is engaged in the business of software development. Does software development amount to construction of assets. Is AS 7 on construction contracts applicable in this case.
19 December 2009
No, AS - 7 is applicable to Construction Contracts only.
The services which are directly related to construction only are under the purview of Construction Contracts.
The services which are directly related to construction only are under the purview of Construction Contracts.
20 December 2009
Correct ,agree with Mr.Surendra
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