Event Photography Expenses
This query is : Resolved
09 May 2024
Dear Experts
We are a Pvt ltd compnay acting as channal partners & distributors fo Mining Equipments & services. We have recently vetured into Mining equipment assembly at our warehouse. For this purpose we carried out photography of the entire assembly process. My question is under which nomenclature these event photography expenses be booked ?
Thanks in advance
We are a Pvt ltd compnay acting as channal partners & distributors fo Mining Equipments & services. We have recently vetured into Mining equipment assembly at our warehouse. For this purpose we carried out photography of the entire assembly process. My question is under which nomenclature these event photography expenses be booked ?
Thanks in advance
09 May 2024
Why this photography...?? What are the uses in this...???
09 May 2024
Raja Sir,
This photography is for our internal use,just for our record & training purposes.
This photography is for our internal use,just for our record & training purposes.
14 May 2024
(Sorry for the delay...)
You can book it' normally as GENERAL EXPENSES.
But, If the value is huge then it is accountable in Asset head.
otherwise you can prepare separate ledgers as anyone of below:
->> Advertisement
->> Show Case Expenses
-->> Research and Development
15 August 2025
1. Accounting Treatment:
For typical event photography costs, charge them as GENERAL EXPENSES, or under a specific marketing/advertisement ledger.
If the value is substantial and the imagery yields lasting promotional value, consider capitalizing the cost as an asset and depreciate accordingly.
2. Tax (Income Tax) Aspect:
Event photography qualifies as a valid business expense under Section 37(1)—provided it is ordinary, necessary, and incurred in the course of business. Proper documentation (invoices, service deliverables, purpose rationale) must be maintained.
3. GST Handling:
The service attracts 18% GST, invoiced under SAC 998383 for event photography.
If you are GST-registered, you can claim ITC on the GST paid, assuming the services were acquired for business use. Even when capitalized, ITC claim would follow the standard GST rules for capital goods/services.
For typical event photography costs, charge them as GENERAL EXPENSES, or under a specific marketing/advertisement ledger.
If the value is substantial and the imagery yields lasting promotional value, consider capitalizing the cost as an asset and depreciate accordingly.
2. Tax (Income Tax) Aspect:
Event photography qualifies as a valid business expense under Section 37(1)—provided it is ordinary, necessary, and incurred in the course of business. Proper documentation (invoices, service deliverables, purpose rationale) must be maintained.
3. GST Handling:
The service attracts 18% GST, invoiced under SAC 998383 for event photography.
If you are GST-registered, you can claim ITC on the GST paid, assuming the services were acquired for business use. Even when capitalized, ITC claim would follow the standard GST rules for capital goods/services.
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
- Notice from IT DEPTT IF FD AMOUNT EXCEEDS 10 LACS
- GST payable under RCM
- Applicablity on tds
- Unable to generate and save json file for updated return
- Inverted Tax Structure & Unutilized ITC on Services
- Section 194I not showing in TDS RPU for Compnay Assessee for TDS on rent
- LTCG offset against property buy
- WRONGLY UPLOADED 10IF FOR COOPERATIVE SOCIETY
- GSTR9- ITC
- Tax audit & Switching from Presumptive taxation
- Import purchase entry
- Rule 54(1A) for Distributing ITC
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
Trending Online Classes
-
LIVE Course on GSTR-9 & GSTR-9C (Technical | Practical | Concept - Based)
Sachin Jain03 November 2025
CAclubindia
