Easy Office
LCI Learning

Allowability of expenditure incurred to obtain Trade Mark

This query is : Resolved 
Profile Image

Profile Image

(Querist)
18 October 2009 Whether the expenditure incurred for obtaining the trade mark is a revenue expenditure or not? Pl refer case laws if any.
Reply to my email.
t.adinarayana@yahoo.com
Profile Image

CA. B.SRINIVASULU

Profile Image

CA. B.SRINIVASULU (Expert)
18 October 2009 The Trade mark logo creation expenses will be treated as capital expenditure and the consultancy charges for registering and fees will be treated as revenue expenses.
Profile Image

CA CHINTAN AJMERA

Profile Image

CA CHINTAN AJMERA (Expert)
18 October 2009 Agree with Expert
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Adinarayana. T

Profile Image

Adinarayana. T (Querist)
18 October 2009 Can we claim depreciation on the cost incurred for trade mark?
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
19 October 2009 Yes depreciation can be claimed for trade mark @ 25% under the Income tax Act,1961, being an intangible asset.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links