Expenditure on knowledge as an Intangible Asset?
This query is : Resolved
28 May 2016
If a firm sponsor it's partners higher education in abroad related to the business so will that expenditure be considered as intangible asset and depreciation can be claimed on it?
CMA Ramesh Krishnan
(Expert)
29 May 2016
Incase the education is business related as revenue expenses, cannot treat as intangible asset.
Message likes :
1 times
31 May 2016
If we treat the expenditure as addition to the Intangible Asset then can we claim depreciation on it?
CMA Ramesh Krishnan
(Expert)
12 June 2016
First we need to test and justify the expenditure whether can be take as intangible asset, such as based on the expenses what could be our further benefits and earnings by the company then only can be taken as asset. by my view higher education sponsor cannot consider and assess the real future inflows
Message likes :
1 times
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Applicability of tax on invoice
- TDS- 2026-27 Q1 Correction
- IMS (import of goods) ITC related
- Form 144 TDS Return Validation Error – Mandatory Fields
- LLP audit and disclosure
- Ito add credit side of bank
- Employee secondment
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
