Capitalisation of software
This query is : Resolved
17 August 2011
Hi,
As everyone knows that there are 3 kind of Software and they are as follows:
1. Programming Software
2. Application Software
3. System Software
Can anyone tell which is to be capitalised and which has to be treated as Revenue Expenditure????? Please help me its really urgent
As everyone knows that there are 3 kind of Software and they are as follows:
1. Programming Software
2. Application Software
3. System Software
Can anyone tell which is to be capitalised and which has to be treated as Revenue Expenditure????? Please help me its really urgent
17 August 2011
if these software provide the future benefit due to there use for more than one year then should be capitalised
17 August 2011
If the expenses are incurred for 'replacement of soft ware' all the three can be expensed out.
Citation :- CIT Vs. Southern Roadways Ltd (2008) 304 ITR 84(Mad).
Citation :- CIT Vs. Southern Roadways Ltd (2008) 304 ITR 84(Mad).
Message likes :
1 times
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
- RCM on GTA Services
- Regarding Appointment of auditor in case of casual vacancy
- Audit of F and O T/O
- GST 9- Table 8
- REVENUE RECOGNITION AS PER IND AS 115
- How to update Transaction data in broker samco account holding after transfer shares KARVY
- For sale of shares of a private limited company, what is process cost and time for demat of shares
- Which SAC code should be ed?
- Inverted Tax Structure & Unutilized ITC on Services
- Mismatch of Sales Invoice in GSTR-1
- Conversion of Proprietorship Firm to Partnership Firm
- New change in GST rate
- Regarding Advance ITT and Advance ICITSS
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
Trending Online Classes
CAclubindia
