Accounting head
This query is : Resolved
14 September 2011
Dear All
Custom duty paid on import of machine is Revenue Expanses or Capital Expanses .
What is accepted by income tax authority .
Waiting for all of your reply .
Thanks
Custom duty paid on import of machine is Revenue Expanses or Capital Expanses .
What is accepted by income tax authority .
Waiting for all of your reply .
Thanks
Dintakurthi Tirumala
(Expert)
14 September 2011
All non refundable taxes or duties paid for purchase of capital goods should be capital expenses.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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