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This query is : Resolved
03 March 2011
Dear All,
My Company has purchased Gas Cyclinder for cooking purpose? my query is whether this gas cylinder is to be capitalised or not? and if yes then in which head?
Just Reply soon........
My Company has purchased Gas Cyclinder for cooking purpose? my query is whether this gas cylinder is to be capitalised or not? and if yes then in which head?
Just Reply soon........
CA.Yogesh Patel
(Expert)
03 March 2011
If u are using the gas cylinder for the purpose of business then u can capitalise the expenditure under the head of plant and machinery.
Manmohan ACA, CS
(Expert)
03 March 2011
capitalise the expenditure including cost of cylinder
03 March 2011
i suppose u've purchased the gas in (with) the cylinder & not the cylinder itself...
if it is so.. then no capitalization.
if it is so.. then no capitalization.
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