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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Revenue expenditure versus capital expenditure - expenditure ...


ERP Software Costs Classified as Revenue Expenditure, Allowing Immediate Tax Deduction Instead of Depreciation Over Time.

July 12, 2012

Case Laws     Income Tax     AT

Revenue expenditure versus capital expenditure - expenditure incurred on ERP Software – allowed as revenue expenditure - AT

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  1. Media cost for import of software - Capital expenditure or revenue - Software used for duplication and licensing - expenses allowed as revenue expenditure - HC

  2. Software development expenditure which was application software was revenue in nature - deduction allowed u/s 37.

  3. Software expenditure having enduring benefit of not more than a year is revenue expenditure

  4. Software expenses - revenue or capital expenditure - real intent and purpose - expenditure incurred by the assessee on software is allowable as revenue expenditure. - AT

  5. The key issue relates to the classification of the cost of silt as capital or revenue expenditure. The Assessing Officer (AO) treated it as capital expenditure and...

  6. Nature of expenses - Expenses incurred on Enterprise Resource Planning (“ERP”) and software expenses - revenue or capital expenditure - in today’s fast changing...

  7. Revenue or capital expenditure – software development expenditure – Assessee had treated the expenditure as a deferred revenue expenditure in the books of account and...

  8. Product development cost as revenue expenditure - dyes brought an advantage of an enduring nature to the assessee - not allowed as revenue expenditure - to be...

  9. Expenditure on obtaining license for use of accounting software - revenue or capital expenditure - the assessee has not purchased the software but has purchased the...

  10. Software consumable expenses – The expenditure was incurred for application software and not for system software – The software was not of enduring nature and would...

  11. Software expenses - revenue v/s capital expenditure - software may be needed like raw material - computer software expenses were revenue in nature - HC

  12. Development of software - a revenue expenditure or capital expenditure? - only a revenue expenditure - HC

  13. Premium paid on redemption of debentures – capital expenditure vs revenue expenditure -actual premium paid upon the redemption of the debentures would have to be...

  14. ITAT upheld CIT(A)'s decision allowing deduction of Finance Lease Rental Payments under section 37(1) as revenue expenditure. Revenue's appeal challenging depreciation...

  15. Allowance of hoarding expenses - capital expenditure or revenue expenditure - deduction on account of hoarding expenditure being in the nature of revenue expenditure allowed - AT

 

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