Hi,
One of our clint spent Rs125000/- for capet in their new office.
pls suggest me wether it can be taken as a Fixed asset as per AS10 or it has to be charged to P&l.
thanx in advance
Rajesh
(Service )
(7576 Points)
Replied 20 February 2014
It should be treated as Fixed Assets under "Furniture & Fixure".
Rajesh
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India