Msme- plant and machinery


Chartered Accountant

There is a software industry registered under MSME which wants to purchase software for the purpose of rendering of service. My query is whether such softwate purchased will be included in the total investment maed in Plant & Machinery as per the MSME Act ? Since there is no definition provided in MSME for Plant and Machinery.   

 
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Yes, it can be included as intangible asset.


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