Please Help: Related to Accounts
Posted Date : 21-Jan-2015 , 12:50:25 pm | Posted By: RISHI RAJ SINGH
Category :
Accounts | Answers :
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Comments :
4| Hits: 224
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Is Software renewal is considered as purchase |
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Posted By : Vipul Jadhav |
11-Apr-2015, 12:01:06 |
Charge to P&L |
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Posted By : Parrkash Daga |
25-Feb-2015, 11:33:57 |
Now from Finance Act 2012 software is royalty. so always charge to profit & loss account. |
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Posted By : Alok Kushwaha |
06-Feb-2015, 12:44:26 |
If software was purchased in earlier year and renewal fees or subscription was paid, expenditure would be revenue expenditure. As in the case of Sergi Transformer Explosion Prevention (P.) Ltd. V/s DCIT {[2014] 47 taxmann.com 370 (Delhi - Trib.)} was decided in favour of assessee. |
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Posted By : Rajan Shivbilash Ram |
02-Feb-2015, 05:52:49 |
See (1)If amount paid for maintenance then it will be expense
(2) when its renewed for increase the capacity of software its considered as CAPEX |
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