Software renewal
This query is : Resolved
25 February 2015
If we are renew the tally software or inventory software then whatever amount paid under this is a fixed asset oo Misc expenses
25 February 2015
https://www.caclubindia.com/forum/fixed-assets-capital-or-revenue-15333.asp#.VO2RMXyUdic
25 February 2015
Software renewal is revenue expenditure and should be charged to Profit & Loss Account.
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