Hi,
Can anyone pls provide better clarification wrt booking of Software development cost, is this should be treated as Capital Expenditure or operating Expenses. This is general software developed by third party based on our requirements, in this case can I say that AS 26 is applicable to this exp & not AS 10.
software is an intangible asset and is covered under AS 26....hence it should be dealt with as per AS 26
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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