A Company has developed a software for its own use over a period of 6 Yrs. Hardwares purchased in relation with the implementation of the software were capitalised in the respective accounting years. However, they have started using the software from 01.04.09. Now my questions are
1) Should they capitalise the expenses (Ex : salary paid to employees engaged in the development of the software) incurred during the past 6 yrs pertaining to the development of the software?
2) Can they obtain copyrights for internally developed software?
CAclubindia
