Allowability of expenses
This query is : Resolved
ashok bhurani
(Querist)
14 August 2014
Whether hard disk purchased for computer can be claimed as revenue expenses? or it should be added to the already in use computer under fixed assets and claim depreciation?
CA UMESH DULAL
(Expert)
14 August 2014
If it's value is less than 5000, you may write off as expenses in the year of purchase.
CA UMESH DULAL
(Expert)
14 August 2014
If it's value is less than 5000, you may write off as expenses in the year of purchase.
ashok bhurani
(Querist)
15 August 2014
Mr. Umesh let me know on what basis or under which section I can write of the amount if it is less than 5000/-
CA UMESH DULAL
(Expert)
16 August 2014
It is general accounting principle.
CA UMESH DULAL
(Expert)
16 August 2014
It is general accounting principle.
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