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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Software consumable expenses – The expenditure was incurred for ...

Income Tax

November 4, 2013

Software consumable expenses – The expenditure was incurred for application software and not for system software – The software was not of enduring nature and would become obsolete - Therefore it is revenue expenditure - AT

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

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