whether website is capital or revenue expenditure?
if capital expenditure then how it should be depriciated??
pls help.. :)
whether website is capital or revenue expenditure?
if capital expenditure then how it should be depriciated??
pls help.. :)
Dear Neha,
website expenses are revenue in nature. this is confirmed by the Mumbai ITAT in the case of DCIT vs Edeweiss Capital Limited ITA No. 3971/Mum/2009 (AY 2005-06)
- Ankit
CAclubindia
