17 February 2009
I have taken one domain address i.e web address at Rs. 1,30,000. This is one time settlement. No further charges were payable by me. can we caspitalize the same or not?
18 February 2009
Website is an electronic brochure available to prospective customers and hence the expenditure for website is revenue in nature. Citation:- CIT Vs. Indian Visit Com (p) Ltd. (2009)176 Taxman (164) (Del).
CAclubindia
