Dear Sir,
If we paid purchase bill of Television Set for director, on bill seller mention directors name as a consignee. Should we Capitalised it.
Regards
Yogesh R U
1 Replies
V P Narasimhan
(Accounts Manager)
(791 Points)
Replied 26 March 2009
It depends upon the treatment viz., gift.perks or as instructed by director it can be capitalised and due depreciations has to be maintained.
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
