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expenses

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(Querist)
12 February 2010 pls tell me for a company pen drive and hard disk purchase is consider as exp. or anything else if its use for company purpose.
pls help me out.pls pls.
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CA Amit Kumar Hallen

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CA Amit Kumar Hallen (Expert)
12 February 2010 Dear Vinu,

Keep the items under expenses as the assets below 5000/- need not be taken in assets.

regards
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CA Gangadhar Mishra

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CA Gangadhar Mishra (Expert)
12 February 2010 can be charged against revenue instead of capitalisation
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
12 February 2010 Yes.below Rs.5000 value can be charged off expenses
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