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Fixed assesst and current assessts

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Querist : Anonymous

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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
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CA PARAS BAFNA

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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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