Intangible Assets

Aj Style (Student)     28 October 2019

Aj Style
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1.can we considered website and Android app as an intangible assets of the company if company is using same for doing business?
2. expenses incurred for maintenance of these website and app update will be treated as capital expenditure or revenues expenditures?

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Kumar Sushank (Asst. Manager - Accounts & Taxation)     28 October 2019

Kumar Sushank
Asst. Manager - Accounts & Taxation 
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1. It would be treated as Intangible asset.

2. Maintenance of Website would be considered as revenue expenditure.


RAJA P M ("Do the Right Thing...!!!")     28 October 2019

"Do the Right Thing...!!!" 
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Yes... I Fully agreed to Mr Kumar Sushank's reply...

1. Intangible Assets.
2. Revenue Expenditures...

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