Membership & subscription
This query is : Resolved
18 December 2008
Dear Members,
An MNC client (German base) has paid towards membership fees for 20 years to golden palms hotel . Whether the same should be expensed on payment basis or amortised over a period of 20 years
Thanx in advance
C A Tejashwini
An MNC client (German base) has paid towards membership fees for 20 years to golden palms hotel . Whether the same should be expensed on payment basis or amortised over a period of 20 years
Thanx in advance
C A Tejashwini
18 December 2008
In my opinion it should be amortised over the period of 20 years..Bcz the benefit wl occur for 20 years.. If we expenc it on payment basis its not a good accng practice.
Anyway it is based on the magnitude of the fees.
rgds
Vivek
Anyway it is based on the magnitude of the fees.
rgds
Vivek
18 December 2008
It should be amortised over the perod of 20 years.
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- TDS Deducted AY-2013-14 Not Reflected in 26as
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Condonation . E-Verification of last year return .
- CREDIT NOTES WITHOUT GST
- Eway bill generation from place other than registeted
- 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
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
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
