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
- House Property Reporting in ITR
- TDS Claim year
- Supply through E-commerce Operators
- Rent lease agreement
- TDS Challan Code
- Relief u/s Section 89
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- REGARDING SECTION 44AE
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
