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Purchased erp 9 tally

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 March 2017 MY COMPANY HAS PURCHASED ERP -9 TALLY IN JANUARY 2017 AND ITS VALIDITY PERIOD IS 1 YEAR , NOW MY QUESTION IS THAT WHAT WILL BE TREATMENT UNDER INCOME TAX ACT AND WHAT WILL BE THE ENTRY UNDER COMPANIES ACT.
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Puneet

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Puneet (Expert)
13 March 2017 What i understand from your query that this is your 1 year licence fees of tally , which accordingly should be written off in P&L as an licence fees expense. what you mean by separate treatment under income tax and companies act ? pls elaborate.
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