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Licence Fees

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Querist : Anonymous

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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??????
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
22 December 2009 Capital Expenditure.

Hence; you can claim depreciation @ 60%.
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