Cost of Branding, Income Tax

[Pullikalu venkateswara reddy]

Cost of the Branding in the First year of Business, Can it be treated as Intangible Asset ?

Posts / Replies

[Rama Krishana]

An asset which endeavor benefits during the next years would be treated at capital asset. If you have incurred some expenditure on branding or promotion of business during the first year, same cannot constitute Intangible asset. In my view it is revenue expenditure.