The payment for application software, though there is an ...

Software Payment Enhances Efficiency, Not a Capital Asset; Classified as Revenue Expenditure.

October 3, 2014

Case Laws Income Tax HC

The payment for application software, though there is an enduring benefit, does not result in acquisition of any capital asset and it merely enhances the productivity or efficiency and has to be treated as revenue expenditure - HC

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The payment for application software, though there is an ...

Software Payment Enhances Efficiency, Not a Capital Asset; Classified as Revenue Expenditure.

October 3, 2014

Case Laws Income Tax HC

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