fixed assets


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 July 2010 can an asset registered under a director's name be considered as fixed asset for the compaany.

29 July 2010 Yes, if the payment is made by company and the asset is used by the company then fixed assets can be considered as company's fixed assets.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 July 2010 the asset is wholly used for the company..

29 July 2010 similar query replied here
https://www.caclubindia.com/experts/interest-and-depreciation-442470.asp

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 July 2010 can the gardening work done on the land be capitalised.The company is newly formed.

29 July 2010 If some income is going to be generated from that land then capitalise it or it increases the value of the land then only capitalise.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 July 2010 no income is generated...

29 July 2010 Capitalise as the same cannot be considered as revenue expenses.


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 July 2010 this a newly formed company ..so the cost of development of land can be capitalised???

29 July 2010 yes

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 July 2010 thank u

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 July 2010 can the water tanks purchased be considered as fixed assets

29 July 2010 yes

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 July 2010 wat is the depreciation rate

29 July 2010 as per which act?

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 July 2010 income tax act and companies act

29 July 2010 on what?

29 July 2010 land no depreciation in any act.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 July 2010 on water tank


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details