tangible or intangible asset
This query is : Resolved
19 June 2016
is computer software which is acquired by a hospital and used by it's various departments for billing etc tangible asset or an intangible asset?
19 June 2016
As per AS 26 it will come under intangible assets.
https://www.mca.gov.in/Ministry/notification/pdf/AS_26.pdf
https://www.mca.gov.in/Ministry/notification/pdf/AS_26.pdf
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
- 44AD VS 44AB AUDIT
- Query Regarding Refund Adjustment Against Outstanding Demand
- CESS not claimed in GSTR3B either in inward supplies or outward supplies for the period Oct2025
- Seeing a huge entry in AIS Purchase of time deposits (SFT-005), what it is for
- GST APPLICABILITY TO DIAGNOSTIC
- Clarification on GST Applicable for Training Hall Rent Invoice
- GST APPLICABILITY ON DIAGNOSTIC UNIT
- TDS on land property purchase Form-141 related query
- GST Rate on Bakery Items registered under composition scheme
- ITR FILING ISSUE
- Purchase of property from NRI
- Multiple GST under same PAN
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
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
