website expenditure

This query is : Resolved 

16 December 2010 can website expenditure incurred by pvt ltd co be capitalised or not???

16 December 2010 Website designing expenditure is for long tenure and the benefit out of which is spread over more than a year. So it is to be capitalised. Any payment made for the domain (for a year) can be charged to P&L.

16 December 2010 Agree with Manikandan

16 December 2010 Website development expenditure can be treated as revenue expenditure for the purpose of taxation.
Citation :- CIT v. Indian.Visit.Com (P.) Ltd. (2009) 176 Taxman 164 (Delhi).


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