Capitalisation of asset below the company threshold
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 December 2011
Hi,
I have a query on capitalisation of asset below the Company threshold
Eg: The Threshold set for capitalisation by the Company is $5000. Should the printer purchased for $2000, be capitalised or written off to the P & L account (SOCI)
I have a query on capitalisation of asset below the Company threshold
Eg: The Threshold set for capitalisation by the Company is $5000. Should the printer purchased for $2000, be capitalised or written off to the P & L account (SOCI)
21 December 2011
Dear,
It is optional for capitalization of assetup to Rs.5000. You have also take in account the provision of the Income tax , Act 1961. Hence You can capitalize the printer.
It is optional for capitalization of assetup to Rs.5000. You have also take in account the provision of the Income tax , Act 1961. Hence You can capitalize the printer.
20 July 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Reporting of STCG on Property in ITR
- Not able to file ITR
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
