Website development charges

This query is : Resolved

SANIA (Querist)
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11 October 2015 hi friends, whether website development charges for Rs.25000 approximately should be straightaway charged to profit & loss account or should be treated as intangible asset as per AS-26

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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11 October 2015 It is not a capital expenditure. Web development cost should be charged to PL.

Check out the details from reply given in the below links....

https://www.caclubindia.com/experts/deprecaition-rate-on-website-development-cost-1718079.asp

https://www.caclubindia.com/experts/web-designing-charges-455480.asp