Advertisement expenses

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 September 2010 Dear all,

Advertisement expense of Rs. 4,26,000 have been incurred by a Company during the financial year.
State the accounting and tax treatment for this.
Its very urgent.

Thanking You.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

21 September 2010 Just book the expenses. Make sure TDS has been deducted. Keep proper bill and records for future.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

21 September 2010 Agree with Mr. Sanjay,If the benefit of the Advertisement expenses more than a year, it can be defferred also

Upgrade to CAclubindia Pro. Subscribe Now!

shakuntala chhangani

shakuntala chhangani (Expert)
Follow

26 September 2010 Hi, after the introduction of AS 26, it can not be shown into balance sheet. It need to be expensed to P/L A/c.
Regards, CA Shakuntala Chhangani