Capitalisation of software
This query is : Resolved
Kalpana Rathi
(Querist)
05 September 2009
Whether software purchased for maintenance of accounts for Rs.22000 can be capitalised and depreciation claimed?
CA.Tarun Maheshwari
(Expert)
06 September 2009
Yes. The software can be capitalised and depreciation can be claimed @60%, keeping in mind the materiality of the amount wrt to the volume and size of the work.
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