capital spares
Jitender (C.A.) (33 Points)
09 September 2018
Spares purchased after 6 month of installation of machinery should be capitalized?
3 Replies
Rohit Tibrewal
(Student)
(3193 Points)
Replied 09 September 2018
Whether it's a repair or integral part of the machinery please explain.
If it's a small part you can take it as repair and maintenance on plants and machinery.
If it's a small part you can take it as repair and maintenance on plants and machinery.
Jitender
(C.A.)
(33 Points)
Replied 03 October 2018
Spares purchase are intergal part of the machinery without which machine cannot work.
Recent Topics
- Loss on F & O
- FCNR DEPOSIT INTEREST EARNED REPORTING IN ITR2
- Rectification of tDS
- Interest from SCSS in ITR
- Missed paying advance tax
- Freelance CA with COP Available for Part-Time Comp
- Residential status of studying in abroad
- Itr2 validation errors
- GST AMENDED HSN SUMMARY
- Interest earned on deposits placed with corporates
Related Threads
Trending Online Classes
CAclubindia
