Capitalization
This query is : Resolved
16 November 2017
WE ARE PURCHASED ONE LAPTOP .
FOLLOWING ARE INVOICE DETAILS
LAP TOP 39238
RAM 3136
CARRY CASE 782
COOLING PAD FOR LAP TOP 424
FINAL INVOICE AMOUNT 51500
CAN WE CAPITALIZE WHOLE INVOICE AMOUNT I.E 51500
OR CAPITALIZE PURE LAPTOP COST 39238 & OTHER AMOUNT DEBITED
TO PROFIT & LOSS A/C
PLEASE GUIDE US
THANKING YOU
RAJKUMAR GUTTI
FOLLOWING ARE INVOICE DETAILS
LAP TOP 39238
RAM 3136
CARRY CASE 782
COOLING PAD FOR LAP TOP 424
FINAL INVOICE AMOUNT 51500
CAN WE CAPITALIZE WHOLE INVOICE AMOUNT I.E 51500
OR CAPITALIZE PURE LAPTOP COST 39238 & OTHER AMOUNT DEBITED
TO PROFIT & LOSS A/C
PLEASE GUIDE US
THANKING YOU
RAJKUMAR GUTTI
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- EXPORT COMMERCIAL INVOICE HSN CODE
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- Cash balance limit and property purchases limit
- Non-Compliance documents have not been submitted by the contractors debited
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
