Advertisement expenses

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 September 2010 Dear all,

Advertisement expense of Rs. 4,26,000 have been incurred by a Company during the financial year.
State the accounting and tax treatment for this.
Its very urgent.

Thanking You.

21 September 2010 Just book the expenses. Make sure TDS has been deducted. Keep proper bill and records for future.

21 September 2010 Agree with Mr. Sanjay,If the benefit of the Advertisement expenses more than a year, it can be defferred also

26 September 2010 Hi, after the introduction of AS 26, it can not be shown into balance sheet. It need to be expensed to P/L A/c.
Regards, CA Shakuntala Chhangani


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