Purchase of hospital bed exp or capitalized
This query is : Resolved
27 August 2019
DEAR SIR
RS. 25000/- PURCHASE OF BED IN NURSING HOME WHETHER IT IS EXP OR CAPITALIZED
PL SUGGEST ME
RS. 25000/- PURCHASE OF BED IN NURSING HOME WHETHER IT IS EXP OR CAPITALIZED
PL SUGGEST ME
27 August 2019
Capitalize it as the life of it will be more than one year.
27 August 2019
10 % for Income tax purposes, presuming that it is classified under "Furniture
and Fittings".
and Fittings".
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