Fixed asset
This query is : Resolved
25 July 2019
Sir/Madam,
In 2018-19 we had purchased building construction materials under GST invoices worth rupees 2 Lakhs and above, can we account the above invoices in our Plant & Machinery accounting head and claim depreciation.
In 2018-19 we had purchased building construction materials under GST invoices worth rupees 2 Lakhs and above, can we account the above invoices in our Plant & Machinery accounting head and claim depreciation.
31 May 2020
Building Construction can not be taken as investment in Plant and Machinery.
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
OR add as source on Google news
- Acquisition of a society by a company
- Rebate Under 87A Issue
- Transfer of immovable property without consideration
- TDS/TCS Claimed and Refund received in previous year
- 2.25 CRORE TRADER, NO CASH TRANSACTIONS,3CD APPLICABLE?
- Gratuity not yet paid shown in form 16
- FORM 115BAC
- ITC Utilization on vehicle repair
- GST Applicability on Fair Price Shop Commission Income
- HRA in ITR 2 FY 2024-25
- Tds deducted US 194JB can file ITR US 44ada
- Deduction under sec 54
- Sales bill mistakenly not uploaded
- Ca Articleship extension Matter
- Mis report in excel format of hospital
- Tax invoice in special case
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- GST on Restaurant service
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
OR add as source on Google news
CAclubindia
