Deffered Revenue expenses

This query is : Resolved 

22 August 2008 We have incurred Deffered Revenue Expenditure of Rs.70 lacs towards ERP installation in the a/c year 2006-07. Kindly explain in how many years we can w/off the same.

22 August 2008 5 years

25 August 2008 There is no prescribed period in the Act. It shall be over useful life of ERP. If you have some user licence that the periodicity of same shall be used for depreciating the expense.




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