banner_ad

Deffered Revenue expenses

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 August 2008 We have incurred Deffered Revenue Expenditure of Rs.70 lacs towards ERP installation in the a/c year 2006-07. Kindly explain in how many years we can w/off the same.
Profile Image

CHEZHIYAN

Profile Image

CHEZHIYAN (Expert)
22 August 2008 5 years
Profile Image

Ranjit Ahluwalia

Profile Image

Ranjit Ahluwalia (Expert)
25 August 2008 There is no prescribed period in the Act. It shall be over useful life of ERP. If you have some user licence that the periodicity of same shall be used for depreciating the expense.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details