Self Generated software

This discussion explores the tax treatment of self-generated software. The core question is whether such software can be classified as a capital asset with a nil acquisition cost, and if its sale qualifies for long-term capital gains tax, particularly if revenue generation began 36 months prior to sale. The conversation touches upon accounting standards like AS 10 or INDAS 16 for cost of acquisition, but the primary query remains about the capital asset classification and the rationale behind selling the asset.