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Dr. Vinok K. Singhania on the Income-tax Act, 1961
  • Expenditure on Patent

    by Pragnesh on Monday, August 20, 2018 at 03:26 PM

    Kindly reply on following. Brief facts are as below. Assessee is registered as Startup by Government of India. Assessee applied for obtaining patent in India in 2015 and got it registered during FY 2017-18. Expenditure incurred till that date has been capitalized. After obtaining patent in India, assessee has incurred expenditure on lawyer fees and filing fees for registering its patent in other countries. Whether the same has to be capitalized or it has to be treated as revenue expendi

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