Purchased erp 9 tally
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 March 2017
MY COMPANY HAS PURCHASED ERP -9 TALLY IN JANUARY 2017 AND ITS VALIDITY PERIOD IS 1 YEAR , NOW MY QUESTION IS THAT WHAT WILL BE TREATMENT UNDER INCOME TAX ACT AND WHAT WILL BE THE ENTRY UNDER COMPANIES ACT.
13 March 2017
What i understand from your query that this is your 1 year licence fees of tally , which accordingly should be written off in P&L as an licence fees expense. what you mean by separate treatment under income tax and companies act ? pls elaborate.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Form 26QB for TDS on property
- Offsetting interest income against derivative trading losses
- DTCP approval
- Whether still royalty
- Payable outstanding for years disallowance
- RCM - commercial rent paid to URP under GST
- Input credit reversal for the FY2023-24
- Regarding Form 15CA & CB
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
