Ours is a Pvt Ltd Co
We have incurred cost = Rs. 1,50,000/- for Co.'s Website Designing.
Should it be treated as Fixed Assets or Expenses chargeable to P/L a/c.
If Fixed Assets, then what would be Rate of Depreication as per Companies Act & Income Tax Act.
Experts: Kindly advice. Thanks in Advance.
CAclubindia
