Accounts
This query is : Resolved
08 February 2012
Dear Sir,
i have a company namely XYZ P. LTd. & i take rent office & i make interior & furniture work & also purchase some furniture.in this case i make payment from my company & i claimed this expences in my company p & L
i have a company namely XYZ P. LTd. & i take rent office & i make interior & furniture work & also purchase some furniture.in this case i make payment from my company & i claimed this expences in my company p & L
09 February 2012
Hi,
Doing interior & furniture, purchase of some furniture are all in the nature of Fixed Assets under Furniture and Fittings. These are not expenditure and can not debit to P & L account.
However, Depreciation can be claimed.
Of course, what ever you have spent for the company, you can claim and get back.
Doing interior & furniture, purchase of some furniture are all in the nature of Fixed Assets under Furniture and Fittings. These are not expenditure and can not debit to P & L account.
However, Depreciation can be claimed.
Of course, what ever you have spent for the company, you can claim and get back.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- Applicable TDS for Purchase of Flat from NRI
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- ITR validation error - Balance sheet is not filled
- Form 10BD Filling
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
