Purchase of computer software
This query is : Resolved
04 April 2012
When a computer software is purchased, is it a revenue or capital expenditure?
04 April 2012
https://www.taxmann.com/fileopener.aspx?stype=3&searchid=8701
Read the article from above link for details.
Read the article from above link for details.
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04 April 2012
Ok thank you.
But i wanted to know one thing.
Is there any definite judgment whether it is a capital or revenue expenditure?
Does it always depend on circumstances of the case?
But i wanted to know one thing.
Is there any definite judgment whether it is a capital or revenue expenditure?
Does it always depend on circumstances of the case?
04 April 2012
It always depends on circumstances of the case. For a normal company, software purchase can be capital expenditure. However, for a software company, it can be revenue expenditure.
Hence, it should be decided in case to case.
Hence, it should be decided in case to case.
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