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capital or Revenue expenditure
company purchase a software, whether this is a revenue expenditure or capital expenditure?
Replies (9)
It is a capital expenditure but You can treat it as revenue expenditure also
It is a capital expenditure but You can treat it as revenue expenditure also
It's capital expenditure...
whats about according to income tax act?
What is the Billing for the Software....? Is GST bill...?
If the value is high, then it should be accounted as a Capital Item
yes sir it is a GST bill
Its a capital expenditure ..
@ Mr. GAUTAM TAGRA .,
If GST bill then You ll book the Basic value under Fixed asset and Tax is under Input Credit*... As per Income tax You ll be book depreciation for the Basic Value...
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