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
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.
CAclubindia
