Depreciation on capitalisation of website development charge
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 October 2012
Can anyone please help me in this. Should the above be capitalised or not.
If capitalised what is the depreciation to be provided and for how long.
If a company had already treated it as revenue, then is it possible to rewrite the returns and again submit it this time capitalising it?
The company is looking for a loan and hence wants to capitalise the same so as not to show it as a loss. But if the depreciation rate is high, the it may not make a difference. Am I right in my thinking. Any advice is welcome. Please help
What abt AS 26
If capitalised what is the depreciation to be provided and for how long.
If a company had already treated it as revenue, then is it possible to rewrite the returns and again submit it this time capitalising it?
The company is looking for a loan and hence wants to capitalise the same so as not to show it as a loss. But if the depreciation rate is high, the it may not make a difference. Am I right in my thinking. Any advice is welcome. Please help
What abt AS 26
24 October 2012
For accounting as well as income tax purposes it is a revenue expenditure.
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
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- Rental income gst and it purpose
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Experts need help
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Gift Received from nonblood relative
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
