Depriciation

First tell me Whether it is only for 1 year Or u can use it for more than 1 year ?If it is for only 1 year & u have to make payment every year then u can Debit it in P&l Account. And if u can use the software for more than 1 year without every year Payment then u can show it ur Intangible Asset, And after it u can Claim Dep on Intangible Assest .

If you use this software by paying fixed subscriptttion every year, better transfer to P&L rather than Intangible Asset.

Yes, Agree with Mr. Bhaskar Unnikrishnan