Web site developement charges

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 November 2009 my client (an interior designer) has incurred expenditure of Rs. 5 Lakh on development of portal. In income tax, it will be treated as intangible assets and will be eligible for depreiation @ of 25%. As per As-26 what should be treament in books of accounts. Can we decide to write off in less than 10 years. or is their any other treatment.

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Guest (Expert)
10 November 2009 AS 26 allowed you to capitalize the expenditure incurred to develop a website.

You have to amortize the expenditure within 10 years.


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