one of our client paid Rs.25 Lac to water supply board which is one time expenditure and it is non-refundable.
should i treat as preliminary expenditure and write-off over the period of Ten years?? or is there is any other way of accounting
one of our client paid Rs.25 Lac to water supply board which is one time expenditure and it is non-refundable.
should i treat as preliminary expenditure and write-off over the period of Ten years?? or is there is any other way of accounting
Hi,
The facts are incomplete to reply, can you please elaborate nature of expenditure is incurred?
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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