Accounting s/w

This query is : Resolved 

14 March 2013 Purchase of accounting software is recorded as exp or fixed asset?

14 March 2013 It is intangible fixed asset.

OM SAI SRI SAI JAI JAI SAI

14 March 2013 Can be revenue expenditure. Pl see CIT Vs. Asahi India Safety Glass ltd (2011) 203 Taxman 277 (Del).




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