Taxability of software expenses
This query is : Resolved
25 July 2014
Dear Experts,
I want to ask that after amendment in Finance Act 2012 which states that computer software expenses should be treated as royalty. My question is that now should we charge it to profit and loss account or to show as Computer as an asset...??
I want to ask that after amendment in Finance Act 2012 which states that computer software expenses should be treated as royalty. My question is that now should we charge it to profit and loss account or to show as Computer as an asset...??
25 July 2014
do not mix accounts and income tax, for deciding whether to capitalise or charge to revenue you need to follow as26.
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