for capitalisation
This query is : Resolved
shreyansh shah
(Querist)
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.
Murtaza I Bhagat
(Expert)
22 December 2009
.
CA Ravi Sisodia
(Expert)
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.).
shreyansh shah
(Querist)
23 December 2009
thnks for yr reply
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