Treatment of software amortisation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 October 2014
write of software purchase what should be the treatment in income tax and as per copmany act.
26 October 2014
If the right has been taken for use of Software and the same right and the benefit is derived for more than 2 years then it is to be treated as capital expenditure and if the right is for less than 2 years then it is revenue expenditure as decided Delhi bench of ITAT in divisional bench
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