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Software development charges

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 September 2011 what is the nature of expenditure incurred on software development charges on excel sheet ?

can it is fully written off in P& La/c
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
08 September 2011 if the benefit of expenses will come more then 1 year then need to be capitalised as software and claim depreciation other wise you can charge off to p&l a/c
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CA Anjali Aswal

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CA Anjali Aswal (Expert)
08 September 2011 Agree with CMA. Ramesh Krishnan
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