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depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 June 2011 Dear sir
i have one invoices that contain four items (all assets)Rs.10,000/- and they provide Rs.1000/- as discount so i have to pay only Rs.9,000/- sir for passing the jv from which item (there is four items) i have to deduct this discounted amount please help me
thank you
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
23 June 2011 deduct from all four items in proportionate to value of each.
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Rajni Kant

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Rajni Kant (Expert)
23 June 2011 Normally it will be deductable from all four proportionately But in present case if value reduced to below 5000/-charged to revenue, may not be considered as asset.
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