Software renewal

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irfan (Querist)
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25 February 2015 If we are renew the tally software or inventory software then whatever amount paid under this is a fixed asset oo Misc expenses

CS,CA F,Numrologi TusharSampat (Expert)
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25 February 2015 https://www.caclubindia.com/forum/fixed-assets-capital-or-revenue-15333.asp#.VO2RMXyUdic

CMA. CS. Sanjay Gupta (Expert)
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25 February 2015 Software renewal is revenue expenditure and should be charged to Profit & Loss Account.

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