Purchase of TDs Software Accounting Treatment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 June 2010 Purchase of TDs Software RS 2100 What is Account Treatment It is book as Fixed Assests or Put in It Maintaince Expence

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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24 June 2010 Since the value below Rs.5000 it can be expenses it off more over TDS softwares are valid only the particular year , next year veriosn and provision keep on changing better you book as expenses

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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24 June 2010 Agree. Next year you will have to pay renewal fees again. So book it as expenses.

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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24 June 2010 iT WILL BE EXPENSED.

Querist : Anonymous

Querist : Anonymous (Querist)

24 June 2010 Thank sir,

can u please tell me under which head i expences out like it Maintaince or any other expences

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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24 June 2010 Computer Maintainance.

Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2010 Thank you Sir

Venkat Rao Marella

Venkat Rao Marella (Expert)
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17 July 2010 Book that under software charges. will match the purpose (that's actually a software licence for 1 yr).

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