17 December 2013
I wanted to know if we have incurred computer software expenses during the year, whether it could be capitalised? Our tution sir said that according to sec 9 of finance act 2012, these cant be capitalised.
17 December 2013
AS 26 shall apply in this regard, whether you have purchased or created by yourself u havent mentioned as on this it will be decided whether to capitalise or not.
17 December 2013
Then u need to fully capitalise it as per as 26 accounting treatment and same treatment for income tax also as there is no sep treatment in it for this.
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