Purchase of software

hi friends

purchase of software must be considered to fixed assets

because it will be usefull for more than a year

hi friends

purchase of software must be considered to fixed assets

because it will be usefull for more than a year

I had similar doubts. One of the CA club members suggested that I refer the below mentioned link :

https://www.caclubindia.net/Judiciary/judiciary_detail.asp?judiciary_id=352

Please refer the above link to give you better understanding of the issue and its resolution.

PLEASE REFER AS-26 INTENGIBLE ASSETS FOR THIS PURPOSE.

Anil

Thanks for the Info.