Fees of ₹ 10L is paid for Portfolio management Service licence as per SEBI.
it this capitalise as Intangible assets or not?
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PMS Intangible asset or not?
Replies (4)
| Originally posted by : Sagar | ||
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Fees of ₹ 10L is paid for Portfolio management Service licence as per SEBI.it this capitalise as Intangible assets or not? |  |
Its a fees paid for service taken hence cannot capitalise
what is its useful life..?
Till end of the business. but every 3 year fees has to be paid of 3L
i think it should be recognised as expense because it is registration fees and it doesnt result in intangible asset.
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