Capitalisation of taxes paid on purchase of software
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 July 2016
If a Pvt. Ltd. company purchases Quick Heal Antivirus software (expiry after 3 years) then do it become its Intangible Asset? and do taxes paid on such purchase e.g. VAT or Service tax will capitalize to the cost of such software?
26 July 2016
There are two options either you can capitalize the same or you can claim input credit.
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