CA Day celebration 2024 Easy Office
LCI Learning

Applicability of AS 7 for software development

This query is : Resolved 
Profile Image

Profile Image

(Querist)
19 December 2009 A company is engaged in the business of software development. Does software development amount to construction of assets. Is AS 7 on construction contracts applicable in this case.
Profile Image

CA SURENDRA KUMAR RAKHECHA

Profile Image

CA SURENDRA KUMAR RAKHECHA (Expert)
19 December 2009 No, AS - 7 is applicable to Construction Contracts only.

The services which are directly related to construction only are under the purview of Construction Contracts.
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
20 December 2009 Correct ,agree with Mr.Surendra
Upgrade to CAclubindia Pro. Subscribe Now!


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


CA Day celebration 2024 with Tally CCI Pro

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