Website Charges...Urgent Sir!!!
This query is : Resolved
04 September 2010
Dear Experts,
Creation of website....Charges incurred for this should be capitalised or not in case of a private limited company?
If yes then under which head (class of asset) i have to capitalise?
With regards,
Rajesh.
Creation of website....Charges incurred for this should be capitalised or not in case of a private limited company?
If yes then under which head (class of asset) i have to capitalise?
With regards,
Rajesh.
CMA Ramesh Krishnan
(Expert)
04 September 2010
It is not fixed asset. but this expenses can be defferred and charge off 3 to 5 years or resonable period
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04 September 2010
Expenditure on development of website with a view to disseminate information about assessee's business activities amongst its clients is revenue expenditure eventhough resulting in enduring benefit. Mere enduring benefit, dehors any accretion to fixed capital, would not make an expenditure a capital expenditure.
Citation :- CIT Vs Indian visit.com (p) Ltd (2008) 219 CTR (Del) 603.
Citation :- CIT Vs Indian visit.com (p) Ltd (2008) 219 CTR (Del) 603.
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