Whether asset or investment
This query is : Resolved
K. K. SHARMA
(Querist)
09 September 2015
i have purchased a domain name for Rs.5lacs approx from the person out of India, it will be used by me in future as my business website or may be i resale it.
now i'm doing a business as commission and brokerage intermediary.
please suggest how can i book it in my books whether as intelligible assets or as investment or any other way ?
now i'm doing a business as commission and brokerage intermediary.
please suggest how can i book it in my books whether as intelligible assets or as investment or any other way ?
CA R SEETHARAMAN
(Expert)
09 September 2015
Capitalize it as intangible asset.
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