Tangible & intangible assets
This query is : Resolved
01 March 2012
We can see and touch the licence so why it is
a intangible assets instead of tangible assets.
a intangible assets instead of tangible assets.
01 March 2012
license is an intengible asset. as we can see and tuch the paper of licence but the real value of license consists its substance .
if the license is lost or got fired etc we get get the duplicate copy also after payment of a nominal fees so in reality the license is intengible assets seeing and touching of notional part of license is irrelevent.
if the license is lost or got fired etc we get get the duplicate copy also after payment of a nominal fees so in reality the license is intengible assets seeing and touching of notional part of license is irrelevent.
Message likes :
2 times
02 March 2012
Licence cannot be touched, it is an intellectual property right.
08 April 2012
The expert is correct and I agree with him
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- NRI starting business in India
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Capital gain on sale and purchase of plot
- CREDIT NOTES WITHOUT GST
- Condonation . E-Verification of last year return .
- Eway bill generation from place other than registeted
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
