Depreciation on software
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 July 2012
I Purchased a software Tally. erp9. its my expenses or Fixed assets.
if its my Fixed Assets which rate of Depreciation i have to charge.
thanks
if its my Fixed Assets which rate of Depreciation i have to charge.
thanks
02 July 2012
Purchase cost of software is revenue expenditure.
Citation :- CIT Vs. Asahi India Safety Glass ltd (2011) 203 Taxman 277(Del).
Citation :- CIT Vs. Asahi India Safety Glass ltd (2011) 203 Taxman 277(Del).
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