A gym having exercise machines are what type of asset to that gym?
Gyms are considered as service providers or not?
It is Fixed Asset for the gym. Yes gym is considered as service provider.
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 11 August 2018
Yes... You can account under Plant & Machinery as Equipments. Some of the Furnitures like under "Furniture & Fittings"
Recent Topics
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
Related Threads
CAclubindia
