Capitalization of assets help needed
This query is : Resolved
Sreejith. M
(Querist)
01 April 2016
Our society purchased split Ac on 22/03/16 and Installation on 26/03/16. On which date I have to account the same. The installation bill date is on 26/03/16. Kindly help
Our society purchased split Ac on 22/03/16 and Installation on 26/03/16. On which date I have to account the same. The installation bill date is on 26/03/16. Kindly help
01 April 2016
You need to Capitalize the AC on 26.03.2016 and depreciation will also start from 26.03.2016.
Message likes :
1 times
Murtaza I Bhagat
(Expert)
01 April 2016
Yes Capitalize on Bill date in your book of accounts.
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
- EPF ECR NEW FILE SEP 17TH 2026
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Oct 2025 Invoices
- Capitalgain tax purposes for valuation report compulsory
- Under marginal scheme
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- GST on Renting godown to KFCSC for Storage of Raagi
- Import of Software Service.
- TAX AUDIT ON PROFESSIONAL INCOME
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
