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Regarding software purchase expenses

This query is : Resolved 
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(Querist)
21 March 2017 Dear Respected Members

Please tell software purchase expanses like accounts software billing software and antivirus software comes under which head as asset or indirect expanses if asset then it comes under depreciation mean what account head it should open and how its expenses are claimed in business and how its annual registration claims
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CA Gopal Somani

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CA Gopal Somani (Expert)
21 March 2017 You can show them as assets if license is for more than one year. You can claim depreciation @ 60%. If there is annual charges, that should be shown as expense.
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CA Shubhanshu Jain

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CA Shubhanshu Jain (Expert)
21 March 2017 Expenditure incurred on purchase of computer software should be treated as revenue in nature (i.e indirect expense) and TDS should be deducted under section 194 J @10% while making payment of software.
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