Prithi (Student) (166 Points)
17 August 2011
Hi All,
As everyone knows that there are 3 kind of Software and they are as follows:
1. Programming Software
2. Application Software
3. System Software
Can anyone tell which is to be capitalised and which has to be treated as Revenue Expenditure????? Please help me its really urgent
Jaideep
(Service)
(1368 Points)
Replied 17 August 2011
I think all will be capatalised...unless any specific software for less than one year...
Prithi
(Student)
(166 Points)
Replied 17 August 2011
Is there any Case Law where certain assets have been capitalised where it had to be expensed or vice versa
CAclubindia
