Curtain n fabrics accounting treatment
This query is : Resolved
Quick Summary
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2016
should the curtain n fabrics be shown as Furniture n fixtures???
accordingly can we claim depreciation on that as well as per IT Act.??
or else it should be written off as revenue exps. in current year.
(Rs. 50,000) expected life 3 to 4 years.
accordingly can we claim depreciation on that as well as per IT Act.??
or else it should be written off as revenue exps. in current year.
(Rs. 50,000) expected life 3 to 4 years.
27 June 2016
it should be exp. off , there is no life base depreciation under the income tax act.
Message likes :
1 times
27 June 2016
yes,it may be capitalised and grouped under fixtures and fittings
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
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- SALARY CAN BE CAPITALIZE
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- UDIN ISSUE
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- 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?
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
