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.
04 September 2010
It is not fixed asset. but this expenses can be defferred and charge off 3 to 5 years or resonable period
Message likes :
1 times
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.
Message likes :
1 times
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
- Fixe term employment
- Is any professional CA is here please reply
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Gift Received from nonblood relative
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- Section 50-fixed asset-->building ceases to exist
- Putting a heading on received mail
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- 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
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
