Expenses before commercial telecast
This query is : Resolved
25 October 2013
Sir
A Television channel company incurs administrative expenses ( salary,rent etc),program expenses,office renovation and f procurement of fixed assets.The company has not yet started commercial telecast but has done test run.My queries are
1. How to treat various expenses before commercial telecast?
2. Whether amount spent for office renovation can be capitalized?
A Television channel company incurs administrative expenses ( salary,rent etc),program expenses,office renovation and f procurement of fixed assets.The company has not yet started commercial telecast but has done test run.My queries are
1. How to treat various expenses before commercial telecast?
2. Whether amount spent for office renovation can be capitalized?
25 October 2013
with regards to financial statements, expenses incurred after incorporation are to be charged to p&l account.
Expenses incurred on office renovation, you may consider the same as revenue expense. However, expense related to procurement of fixed asset shall be capitalized.
Expenses incurred on office renovation, you may consider the same as revenue expense. However, expense related to procurement of fixed asset shall be capitalized.
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- Bank details not Visible on Traces Portal
- Taxability of Partnership firm for FY 2025-26
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- Cash balance limit and property purchases limit
- EXPORT COMMERCIAL INVOICE HSN CODE
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
