Advertisement expenses
This query is : Resolved
Querist : Anonymous
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.
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.
CMA Ramesh Krishnan
(Expert)
21 September 2010
Agree with Mr. Sanjay,If the benefit of the Advertisement expenses more than a year, it can be defferred also
shakuntala chhangani
(Expert)
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
Regards, CA Shakuntala Chhangani
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