Can any one explain that how can we capitalise 'tution fee receipts' since we are an educational institution i.e. , how can we treat tution fee income as capital income and not revenue income?
S.Gupta c/o KPS (NA) (187 Points)
04 May 2018Can any one explain that how can we capitalise 'tution fee receipts' since we are an educational institution i.e. , how can we treat tution fee income as capital income and not revenue income?
prasad Nilugal
( GST Practitioner & Accounts )
(14599 Points)
Replied 04 May 2018
Tution fees are normaly current year income and revenue in nauture can not capitalis . please confirm with others also
satish
(teaching)
(2046 Points)
Replied 04 May 2018
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
CAclubindia
