Fixed assets
This query is : Resolved
16 January 2016
Dear Sir,
A company shown their some AC(Air Conditioner) under Office & Equipement & some AC under Electric Installation. Is this right please clear it.
A company shown their some AC(Air Conditioner) under Office & Equipement & some AC under Electric Installation. Is this right please clear it.
KAVIRAJA ADDANGADI
(Expert)
16 January 2016
AIR CONDITIONER PURCHASE EITHER THEY CAN GROUP UNDER Electrical Installations and Equipment . RATE OF DEPRECIATION VARY IN COMPANIES ACT 2016, BUT INCOME TAX YOU CAN CLAIM 15%
16 January 2016
I mean to say that a company shown their ac under Ele&Ins , & some under Off&Equ.
KAVIRAJA ADDANGADI
(Expert)
16 January 2016
THEY HAVE TO GROUP UNDER ONE HEAD DEPRECIATION VARY IN COMPANIES ACT 2013
16 January 2016
there will be any difference in head if it has been installed in factory premises?
KAVIRAJA ADDANGADI
(Expert)
16 January 2016
AC WHETHER YOU HAVE INSTALLED IN FACTORY OR OFFICE NOT MAKE ANY DIFFERENCE , ONLY FA REGISTER TO BE MAINTAINED.
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
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- Working on Gold wastage during Melting of old gold jewellery
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Capital Gains Tax on Inherited Mutual Fund
- TDS- 2026-27 Q1 Correction
- Gift to nri relatives residing in usa
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
