Fixed Asset
This query is : Resolved
16 April 2010
Can a representative office write off all its capital expenditure in the year of purchase?
Sriram K.R.
(Expert)
16 April 2010
No , A Representative Office cannot write off capital expenditure in the year of purchase. There are no such provisions in the Income Tax Act , nor in the AS or Companies Act, 1956.
Hope this is useful.
Hope this is useful.
16 April 2010
Thanks Sriram, i think you will be able to answer my earlier query as well.The query was " what is the status of Representative office/liasion office under income tax law? How is it assessed - as a company, AOP, ....?" Please support it with some actual example if possible.
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