whether website is capital or revenue expenditure?
if capital expenditure then how it should be depriciated??
pls help.. :)
Ankit
(CA, CS)
(3064 Points)
Replied 22 August 2013
Dear Neha,
website expenses are revenue in nature. this is confirmed by the Mumbai ITAT in the case of DCIT vs Edeweiss Capital Limited ITA No. 3971/Mum/2009 (AY 2005-06)
- Ankit
"Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
