Firm purchases fixed assets below 5000
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2014
partnership firm purchases a mobile 4500 so is exp charges in P&l a/c
Vishnu Saboo
(Expert)
08 August 2014
you may capitalize it
Rupesh Jain
(Expert)
08 August 2014
yes you can capitalized.
Rupesh Jain
(Expert)
08 August 2014
yes you can capitalized.
08 August 2014
yes u can capitalise it ...................
08 August 2014
yes u can capitalise it ...................
08 August 2014
yes u can capitalise it ...................
08 August 2014
yes u can capitalise it ...................
CA Ayush Agarwal
(Expert)
09 August 2014
Neither you may capitalise it nor you can capitalise it.
You have to capitalise this.
Since In income tax act, this is no where mentioned to write off the same.
You have to capitalise this.
Since In income tax act, this is no where mentioned to write off the same.
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