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Software updatation fees

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(Querist)
17 January 2013 I have a computer software, which is update every year. So, the updatation fees/charges which A/c to be debited. Is it Computer Software[Asset] or Technical Service[Ind. Expenses]. Plz help me.

Thanks in advance
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CA Priyank Singhi

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CA Priyank Singhi (Expert)
17 January 2013 I think it should be debited to PL as Software Updation Charges and treated as an expense.
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anurag

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anurag (Expert)
17 January 2013 computer software is as asset. however depends up on the facts of the case.
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