Software purchased

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ramanamma (Querist)
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06 July 2013 hi friends

Software (tally) purchased for the organization purpose .

as per amendment is it Revenue / Capital expenditure.

Software installed in office is this cover under new amendment ???

Ganeshbabu K

Ganeshbabu K (Expert)
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06 July 2013 Please provide a link to that amendment

1)accounting purpose it can be capitalized for the period of licence

2)for tax purpose it can be treated as revenue expense

Thanks & regards
ganesh babu k

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Ganeshbabu K

Ganeshbabu K (Expert)
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06 July 2013 Refer below link

https://www.caclubindia.com/experts/computer-software-1329939.asp

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