https://www.taxtmi.com/article/detailed?id=179 A website is high tech and fast obsolescing; its hardware and software elements may be treated as plant or machinery eligible for depreciation, yet expenditure on creating and maintaining a website can be of a revenue nature where the outlay merely facilitates trading, communication and advertising rather than adding to fixed capital, and the taxpayer should elect treatment (capitalise for depreciation or claim revenue deduction) based on the optimal tax position. en-us Tue, 23 Sep 2008 00:00:00 +0530 Tue, 23 Sep 2008 09:47:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=179 A website is high tech and fast obsolescing; its hardware and software elements may be treated as plant or machinery eligible for depreciation, yet expenditure on creating and maintaining a website can be of a revenue nature where the outlay merely facilitates trading, communication and advertising rather than adding to fixed capital, and the taxpayer should elect treatment (capitalise for depreciation or claim revenue deduction) based on the optimal tax position. Articles Income Tax Tue, 23 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=179