capitalization of items less than Rs.5000/-
This query is : Resolved
yashvi sancheti
(Querist)
13 March 2009
What is the treatment for the items less than Rs.5000/- under the company law as well as under the income tax act, if the items belongs to same block of assets.
CA Tilak Raj Sharma
(Expert)
13 March 2009
You can write off that to P&L, no need to capitalise. This
However, the above is not compulsory. In practicle, we will capitalise this.
However, the above is not compulsory. In practicle, we will capitalise this.
CA Tilak Raj Sharma
(Expert)
13 March 2009
You can write off that to P&L, no need to capitalise.
However, the above is not compulsory. In practicle, we will capitalise this.
However, the above is not compulsory. In practicle, we will capitalise this.
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