Software purchased
This query is : Resolved
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 ???
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
(Expert)
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
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
(Expert)
06 July 2013
Refer below link
https://www.caclubindia.com/experts/computer-software-1329939.asp
https://www.caclubindia.com/experts/computer-software-1329939.asp
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