15 November 2014
my company has taken Anti virus software for 3 years , now my question is that as per income tax act it is treated as revenue exp. so whether journal entry to be books of accounts passed computer repair and maintenece A/C --Dr to party A/c
or computer repair and mainteneance A/C--dr prepaid com, repair and main. A/C--Dr To party A/c please reply this question as per income tax act and as per Accounts also.
CAclubindia
