Hi this is CA.Ramakrishna. We are paying the additional remuneration to the MD of the company for acquiring new business entities for the existing company. Can we capitalise this?
Menu
Capitalisation of business promotion expenses
Replies (1)
Dear Ramakrishna,
Company's MD - addtional remuneration can be capitalised with the cost of acqision of particular entity.
you may have to quantify the amount attributable to particuar acquisition (s) to arrive at proper amount to capitalise.
else it is revenue expns
Regards
Arun
Recent Threads
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
Related Threads
CAclubindia
