https://www.taxtmi.com/article/detailed?id=6805 The summary principle is that an intangible asset is "used" for depreciation purposes when it is kept ready for use, including where machinery or facilities have been prepared and trial runs undertaken; actual commercial exploitation is not essential. Applied to licence fees for radio channels, fees capitalised for channels made ready and run on trial are eligible for amortisation as intangible assets, while fees for channels not ready for use may be treated as advances. en-us Tue, 03 May 2016 09:28:07 +0530 Tue, 03 May 2016 09:28:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6805 The summary principle is that an intangible asset is "used" for depreciation purposes when it is kept ready for use, including where machinery or facilities have been prepared and trial runs undertaken; actual commercial exploitation is not essential. Applied to licence fees for radio channels, fees capitalised for channels made ready and run on trial are eligible for amortisation as intangible assets, while fees for channels not ready for use may be treated as advances. Articles Income Tax Tue, 03 May 2016 09:28:07 +0530 https://www.taxtmi.com/article/detailed?id=6805