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Treatment of software amortisation

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 October 2014 write of software purchase what should be the treatment in income tax and as per copmany act.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
26 October 2014 If the right has been taken for use of Software and the same right and the benefit is derived for more than 2 years then it is to be treated as capital expenditure and if the right is for less than 2 years then it is revenue expenditure as decided Delhi bench of ITAT in divisional bench
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