Fixed asset
This query is : Resolved
CA Nitin Kothari
(Querist)
30 July 2010
suppose my company purchased 1 antivirus costing Rs.1 lac but its life is 1 year so what would i do in books shall i claim 100% depreciation (im asking as wat would i do as per co. Act not income tax)
30 July 2010
Treat the expenditure as revenue expenditure.
Message likes :
1 times
CA Ravi Sisodia
(Expert)
30 July 2010
yes it should be treated as Revenue expenditure.
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