Fixed Assets
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........
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.
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.
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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- DIN reactivation
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Condonation . E-Verification of last year return .
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- CREDIT NOTES WITHOUT GST
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Depreciation of fixed assets- coop housing society in mumbai
- Goods sold but invoice not issued
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
