Addition to fixed assets
This query is : Resolved
Subhendu Kumar Biswal
(Querist)
11 July 2012
Sir
Our Client has done renovtion to its showroom and fixed ACP(Aluminium) sheets in outer parts. It taken such ACP work costing Rs.7,50,000/- as addition to FURNITURE & FIXTURES. Is it right treatment ? Could it be added in Building A/c.
Our Client has done renovtion to its showroom and fixed ACP(Aluminium) sheets in outer parts. It taken such ACP work costing Rs.7,50,000/- as addition to FURNITURE & FIXTURES. Is it right treatment ? Could it be added in Building A/c.
CA Lokesh Pokharna
(Expert)
11 July 2012
aluminium sheets should be taken in to fixtures account.
Tushar Desai
(Expert)
11 July 2012
No, it is not Building. It should be taken in Furniture & Fixtures.
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