Consultancy payments
This query is : Resolved
16 January 2013
dear sir,
Rs 1,50,000 towards consultancy payment made by techvulcan for 2 months.can you tell me wherev we have to show this amount?(under which head)
Thankyou
Rs 1,50,000 towards consultancy payment made by techvulcan for 2 months.can you tell me wherev we have to show this amount?(under which head)
Thankyou
CA bhargava
(Expert)
16 January 2013
If the above consultancy payment is made for any long term or fixed assets purpose then it should be capitalised ., else we have to transfer to P & l account
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