Amc charges, whether revenue or capital?
This query is : Resolved
20 May 2014
my client has incurred a cost of 178000+58000 rs towards AMC charges in the current year.
whether it should be treated as revenue or capital expenditure..?
please state with the reason.
and also tell me that in last year the same was treated as fixed assets, than what will be the treatment of the same,.????
ans asap please
thanks in advance
whether it should be treated as revenue or capital expenditure..?
please state with the reason.
and also tell me that in last year the same was treated as fixed assets, than what will be the treatment of the same,.????
ans asap please
thanks in advance
20 May 2014
isnt the name itself is sufficient...ANNUAL MAINTENANCE CONTRACT!!
AMC chargnes are paid for periodic maintenance and accordingly should be charged off to repair and maintenance annually..
AMC chargnes are paid for periodic maintenance and accordingly should be charged off to repair and maintenance annually..
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- Short Term Gain Reporting ITR
- Missed TDS
- Rent claimed on building given on permissive possession basis
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- DUE DATE FOR ITR FILING
- F&O reporting in ITR
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
