Regarding fixed assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2013
IF WE HAVE PURCHASE A SOFTWARE BUT AFTER TWO YEAR WE HAVE ENHANCE THE SOFTWARE.
MY QUERY IS THAT WHETHER WE SHOULD CAPITALIZED THE AMT OR DIRECTLY BOOK THE EXPENSES.
ALSO ADVISE IF WE HAVE TO CAPITALIZED THE AMT THE TDS APPLICABLE OR NOT AS PARTY ADDED SERVICE TAX IN BILL ???
MY QUERY IS THAT WHETHER WE SHOULD CAPITALIZED THE AMT OR DIRECTLY BOOK THE EXPENSES.
ALSO ADVISE IF WE HAVE TO CAPITALIZED THE AMT THE TDS APPLICABLE OR NOT AS PARTY ADDED SERVICE TAX IN BILL ???
20 September 2013
Yes capitalise it and tds required to deduct.
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