16 December 2010
Website designing expenditure is for long tenure and the benefit out of which is spread over more than a year. So it is to be capitalised. Any payment made for the domain (for a year) can be charged to P&L.
16 December 2010
Website development expenditure can be treated as revenue expenditure for the purpose of taxation. Citation :- CIT v. Indian.Visit.Com (P.) Ltd. (2009) 176 Taxman 164 (Delhi).
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