Software development
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 September 2013
if a pvt limited company which carrying out a business of software development is doing indirect expenses such as rent of the premises, remuneration to director, electricity expenses, etc, then we have to take these expenses in indirect expenses or we have to show them in fixed assets as software develpment expense and capitalize it
12 September 2013
It should not be capitalised. It shoulb be treated as expenditure and shown in the P&L A/c under proper head.
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 September 2013
dear nishchit sanghavi,
but according to AS-26 if the company is in development stage then the expenses incurred by the company for the development of software ( intagible assets ) has to be capitalized.
kindly reply
but according to AS-26 if the company is in development stage then the expenses incurred by the company for the development of software ( intagible assets ) has to be capitalized.
kindly reply
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