Fixed assesst and current assessts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 February 2013
respected sir,
in a shamiana hires business where shamianas,vessels, chairs and other things are supplied for rent for functions and marriages ,form part of fixed assessts or current assessts for the purpose of income tax assessments.
thanking you
in a shamiana hires business where shamianas,vessels, chairs and other things are supplied for rent for functions and marriages ,form part of fixed assessts or current assessts for the purpose of income tax assessments.
thanking you
CA PARAS BAFNA
(Expert)
23 February 2013
These are to be treated as Movable Fixed Assets as the same are used to have enduring benefits.
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