Sign Board treated as Asset or Expenses
This query is : Resolved
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26 February 2021
Sir/Madam
Respected professionals kindly help us to treat the Sign Board. As we purchased Sign board for Rs. 82,340/-, can we treat the same as Fixed Asset if not then should we deduct the TDS then on which rate we deduct .
Respected professionals kindly help us to treat the Sign Board. As we purchased Sign board for Rs. 82,340/-, can we treat the same as Fixed Asset if not then should we deduct the TDS then on which rate we deduct .
26 February 2021
Yes, you can treat it as fixed asset.
27 February 2021
Thanks Sir CA R Seetharaman
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