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Expenses

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26 June 2019 DEAR FRIENDS : DURING FINANCIAL YEAR ONE OF MY CLIENT HAS PAID RS.TWO LAKH AS TRADEMARK EXPENSES.. OUT OF THIS RS.1,50,000 IS TRADE MARK REGISTRATION FEES AND RS.50,000 IS PROFESSIONAL FEES PAID TO LAWYER... NOW CAN I TAKE THIS TO "FIXED ASSETS" AND CHARGE DEPRECIATION AND IF ANSWER IS YES THAN WHAT RATE OF DEPRECIATION FOR "ROC" AND WHAT RATE FOR "INCOME TAX" THANKS
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CS M Pota

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CS M Pota (Expert)
26 June 2019 It is not a Fixed assets it is intengible assets and trademerk is not subject to depreciation.
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