Depreciation

David Rana (student) (77 Points)

26 March 2017

What will be the treatment of Tally software during the year? Liable to dep or to treat as revenue expenditure?

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178226 Points)
Replied 27 March 2017

Revenue Expd.

CA VIRAL SANGHVI (Finance head) (681 Points)
Replied 27 March 2017

Hi,

Tally software is renewable on yearly basis so it will be treated as revenue expenditure.

Karan Motwani (Studying) (100 Points)
Replied 27 March 2017

It should be treated as the revenue expenditure .

varsha naik (Chartered Accountant) (303 Points)
Replied 27 March 2017

Its revenue expenditure

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