Treatment of purchase of web domain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 December 2010
hi.....
please let me know the treatment of purchase of web domain in the books of accounts...whether to capitalize it or whether to expense it out???????????
please let me know the treatment of purchase of web domain in the books of accounts...whether to capitalize it or whether to expense it out???????????
24 December 2010
The nature is like licence fees, it has to be amortized as expenditure. The nature is like deffered expenditure.
24 December 2010
Cost of web domain is an intangible asset to be capitalized and depreciated @ 25 % for income tax purposes.
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 December 2010
sir would the treatment be dependent on the frequency of payments??????
I mean,
1. what if we pay for it at regular intervals in an year then shall it be treated as an expense,
2.what if we pay for it once a year i.e. renewal
I mean,
1. what if we pay for it at regular intervals in an year then shall it be treated as an expense,
2.what if we pay for it once a year i.e. renewal
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- GSTR9 Annual Return
- Ito add credit side of bank
- GST ITC as per notification 12/2023- central tax
- Rent agreement of House of deceased person
- LLP audit and disclosure
- Form 144 TDS Return Validation error
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Applicability of tax on invoice
- Capital gain on commercial property and investment in residential property
- Import of Capital Machine
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- 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
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
