treatment of purchase of tally software

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CA
65 Points Posted on 18 July 2018
Is purchase of tally software is treated as Capital Expenditure or Revenue Expenditure for Income Tax Purpose????
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On 18 July 2018 at 14:14 Report
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Partner
188 Points Posted on 18 July 2018

You are only purchasing license to run tally software, hence, it is Revenue expense.

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On 18 July 2018 at 18:11

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