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Treatment of registration fee

This query is : Resolved 

17 July 2013 one my client trading and manufacturing chemicle has registered with REACH European Community Regulation on chemicals and their safe use (EC 1907/2006).

and has paid Rs. 20,00,000/- for registration and Rs. 20,00,000/- for data purchase one time charges/fee/subscription.

I want to know what would be tax treatment of the fees and accounting treatment

17 July 2013
It can be treated Intangible Assets and depreciation could be claimed under section 32.



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