Capitalisation or charge off to P & L A/C

This query is : Resolved 

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 For what time-frame it is purchased?

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).




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