What is the treatement of amount spent on website development in the Income tax act?
Is it a intangible asset or revenue expenditure?
Please mention relevent section\rule and decide case law.
Thanks in advance.
1 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 25 April 2012
As per the below case law expenditure on website deveploment shall be considered as a revenue expenditure
.https://taxworry.com/itat-website-development-cost-is-intangible-asset/
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