website expenditure
This query is : Resolved
16 December 2010
can website expenditure incurred by pvt ltd co be capitalised or not???
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
Agree with Manikandan
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).
Citation :- CIT v. Indian.Visit.Com (P.) Ltd. (2009) 176 Taxman 164 (Delhi).
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