Licence Fees
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 December 2009
hello all
please help me in the matter.
licence fees can be revenue expenditure or capital expenditure. suppose i paying x amount to the other company for the the purpose of software licence / licence fees and the property of the licence will be of the supplier over and above we have to pay AMC/ Renewal fees every year whether the licence fees paid initially for the installation of license in our computer.
can it be treated as revenue expenditure or capital expenditure??????
please help me in the matter.
licence fees can be revenue expenditure or capital expenditure. suppose i paying x amount to the other company for the the purpose of software licence / licence fees and the property of the licence will be of the supplier over and above we have to pay AMC/ Renewal fees every year whether the licence fees paid initially for the installation of license in our computer.
can it be treated as revenue expenditure or capital expenditure??????
22 December 2009
Capital Expenditure.
Hence; you can claim depreciation @ 60%.
Hence; you can claim depreciation @ 60%.
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