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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Development of software - a revenue expenditure or capital ...


Software Development Costs: Classified as Revenue Expenditure, Fully Deductible in Year Incurred for Tax Purposes.

July 24, 2012

Case Laws     Income Tax     HC

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

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

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

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

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

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  10. 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...

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

  12. Nature of expenditure - Revenue expenditure or capital expenditure - The ITAT held that, it is now well settled that revenue expenditure is allowable in entirety in the...

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

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

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