ups and battery

This query is : Resolved

survesh (Querist)
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04 May 2011 Sir,

A partnership firm has purchased battery and ups amount 31000.00.Suould it be capitalized or Shown to Expenses.Please Reply.

Please say me hoew to calculate Interest on TDS for Month March

March TDS Payable 100.00
How to calculate Interest for Paying Tomorrow TDS.

Thanks & Regards

Aditya Maheshwari

Aditya Maheshwari (Expert)
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04 May 2011 If only battery purchased then to be charged to revenue.

If UPS purchased along with battery then full amount to be capitalised.

March TDS interest 1. 5% * 3 months = 4.5%