DMS/ QMS SOFTWARE CAPITALISATION RULE

NANDU PAREEK (MANAGAER TAXATION) (35 Points)

01 July 2024  

Dear Sir,

We a Pvt. Ltd, Company has purchased DMS/QMS software for various users. Maximum of the modules are made live but few are in  in process.

Please guide us whether we can capitalise the same in the books and claim depreciation.

thanks and regards

N Pareek