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Purchase ps domain

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Kkk
1204 Points Joined February 2017
if a teacher buy domain or software for teaching profession whether it is capital or revenue expenditure amount rs 10000.
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On 13 January 2022 at 17:24 Report
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GST Practitioner & Accounts
15083 Points Joined March 2014
Software is intangible asset , therefore it is Capital Expenditure .
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On 13 January 2022 at 17:33
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Kkk
1204 Points Joined February 2017
So we have to charge depreciation on it.right
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On 13 January 2022 at 17:34
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GST Practitioner & Accounts
15083 Points Joined March 2014
It's Amortization of Intangible Assets just like Depreciation , and Depreciation charged on Assets .
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On 13 January 2022 at 17:38
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Kkk
1204 Points Joined February 2017
It's 25%
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On 13 January 2022 at 17:39

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