Jewellery is fixed assets or current assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 December 2016
Dear Tax Experts
I want to know Jewellery is a fixed assets or current assets if this hold more than one financial year. in case if it is fixed asset how much depreciation charges as per IT Act?
I want to know Jewellery is a fixed assets or current assets if this hold more than one financial year. in case if it is fixed asset how much depreciation charges as per IT Act?
Sandeep Dharar
(Expert)
06 December 2016
It is investments.
CA Suresh Jain
(Expert)
06 December 2016
What is nature of your business and what is the purpose of your buying jewelry
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