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.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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21 September 2010 Just book the expenses. Make sure TDS has been deducted. Keep proper bill and records for future.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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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

shakuntala chhangani (Expert)
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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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