Nature of expenses - Expenses incurred on Enterprise Resource ...

ERP and Software Costs Classified as Revenue Expenditures Due to Rapid Tech Changes, Not Capital Expenses.

August 10, 2020

Case Laws Income Tax AT

Nature of expenses - Expenses incurred on Enterprise Resource Planning (“ERP”) and software expenses - revenue or capital expenditure - in today’s fast changing technology where software becomes obsolete for smooth functioning of the business, the software needs to be replaced / upgraded by an assessee from time to time, the software, in any, case cannot also be said to result in any enduring benefit to the assessee to be considered and thus, it cannot be held as capital expenditure. - AT

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Nature of expenses - Expenses incurred on Enterprise Resource ...

ERP and Software Costs Classified as Revenue Expenditures Due to Rapid Tech Changes, Not Capital Expenses.

August 10, 2020

Case Laws Income Tax AT

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