The company i am auditing has purchased tally erp 9 software and microsoft office home and business 2013 along with computer. In which head to classify the same in fixed asset schedule.
Menu
Classification of fixed asset
Replies (3)
It should be classified under software
Refer AS 26
if in invoice, Seperate Amount is charged for software then book seperately under the head of software. if in invoice, seperate amount is not charged for software, then capitalise with the head of computer.
Agrred with Sanjeet
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
