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Self Generated software
Can we show self generated software as a capital asset with Cost of Acquisition as Nil and the sale of it as long term gain if the software is started revenue 36 months before the date of sale. Please help and if we can do so please quote me the section also.
Replies (3)
For Cost of Acquisition you have to refer AS 10 or INDAS 16 as the Case may be.
This is not the answer of my question
Why the asset has to be sold?
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