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Computer software can i treated as assets

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(Querist)
22 March 2012 Buying of computer software(ms office 2010) can i treated as assets in the computer head or treated as expenditure

kindly advice me

regards
alagesan.m
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
22 March 2012 Yes it can be treated as an asset and depreciation can be claimed on such asset.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
22 March 2012 Please read the write up in https://www.caclubindia.com/judiciary/computer-software-revenue-or-capital-expenditure--352.asp
for a full understanding of the issue.
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