Fixed asset
This query is : Resolved
Guest
Guest
(Querist)
26 July 2012
Can expenditure for development of a website be capitalised as computer software and what should be the depreciation rate?
26 July 2012
Normally NO. The question of this sort has been answered by many tribunals. Enduring benefits do not extend beyond one year is the normal reasoning.
26 July 2012
No, because it is a revenue expenditure vide decision in the case of India Visit.com P Ltd reported in 176 Taxman 164.
26 July 2012
no this is revenue expenditure
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