18 July 2011
One of our Assesse have obtained a license.its a license for usage of certain software for its business. Later it made some additional payments to extend the availability of software to one of its franchise. now the issue is A.O. have asked the assesse to treat this extra payment as Capital Expenditure. But.. wont it be a revenue expenditure?
18 July 2011
Say, initially .. for obtaining the license a sum was payed and it was capitalised. now this payment was made to get that software installed in just 1or 2 more computer(s) in one other branch. Still recquried to capitalsie it?
CAclubindia
