for capitalisation
This query is : Resolved
22 December 2009
whether soft ware purchase will be capitalise or not
as it is not transferable can it be captilise?
as it is not transferable can it be captilise?
22 December 2009
It is a capital expenditure and depreciation @ 60% can be claimed under Income-Tax Act.
22 December 2009
.
22 December 2009
Agree with CA Surendra sir
23 December 2009
Computer Software - Payment made for outright purchase of "computer software" which was used in mining operations, was in the nature of capital expenditure.
CIT v. Arawali Construction Co. (P.) Ltd. [2002] 124 Taxman 146 (Raj.).
CIT v. Arawali Construction Co. (P.) Ltd. [2002] 124 Taxman 146 (Raj.).
23 December 2009
thnks for yr reply
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Eway bill not cancelled within 24 hous what can be due
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- 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
- LLP audit under companies act
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
