Dear Sir,
We have made leather wallet and print name of the firm at wallet for advertisement purpose. please advise in Tally which head I create the ledger. also suggest can we avail ITC on these expenses.
7 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 08 March 2020
Is the wallet will be sale or giving gift...?!
Naveen Kumar
(629 Points)
Replied 09 March 2020
Sir, it's only for advertisement purpose giving gift
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 09 March 2020
If You are giving gift or free then ITC not available...
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 09 March 2020
Under Indirect Expense...
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