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for capitalisation

This query is : Resolved 
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(Querist)
22 December 2009 whether soft ware purchase will be capitalise or not

as it is not transferable can it be captilise?
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
22 December 2009 It is a capital expenditure and depreciation @ 60% can be claimed under Income-Tax Act.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
22 December 2009 .
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
22 December 2009 Agree with CA Surendra sir
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
23 December 2009 Computer Software - Payment made for outright purchase of "computer software" which was used in mining operations, was in the nature of capital expenditure.

CIT v. Arawali Construction Co. (P.) Ltd. [2002] 124 Taxman 146 (Raj.).
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shreyansh shah

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shreyansh shah (Querist)
23 December 2009 thnks for yr reply

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