capital goods
This query is : Open
Manmohan ACA, CS
(Expert)
22 April 2009
Capital goods include factories, machinery, tools, equipment, and various buildings which are used to produce other products for consumption. Capital goods also refers to any material used or consumed to manufacture other goods and services.
Taranjit Singh
(Expert)
22 April 2009
Capital goods include factories, machinery, tools, equipment, and various buildings which are used to produce other products for consumption. Capital goods also refers to any material used or consumed to manufacture other goods and services.
23 April 2009
i agree with taranjit sir
taxindiaconnect
(Expert)
01 May 2009
What about other capital items say for example motor car or any other vehicle since it is not direclty used to produced any product for consumption, should it not be treated as capital goods?. According to me a capital good is the used to generate the revenue directly or indirectly and the useful life of which is spread over a loger period of time genrally more then a year.
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