Dosing pump doubt?

230 views
User Avatar

Financial consultant
90 Points Posted on 14 December 2023
We purchased Dosing Pump 1 No * 34000 for factory.This is Fixed assets or not?
0 Reply Share Follow
On 14 December 2023 at 16:36 Report
Replies (2)
Quick Summary
This discussion clarifies whether a purchased dosing pump for factory use qualifies as a fixed asset. The key determinant is whether the pump provides future economic benefit and is integral to the production process. If it's solely used for non-production purposes, like toilet water systems, it would be considered revenue expenditure.

User Avatar

Finance
4592 Points Posted on 15 December 2023

Yes it is a fixed asset if there is future benefit and used in production. If its used only for toilet water its revenue expenditure

1 Reply
On 15 December 2023 at 09:14
User Avatar

Financial consultant
90 Points Posted on 15 December 2023
Okay sir.Thank you
Reply
On 15 December 2023 at 11:23

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Criteria to hire an article
  2. Guidence requested for a Finance Professional with
  3. Expert Opinion Required – Form 140 Gross Amo
  4. WRONG TAX DEMAND - formal responses , rectificatio
  5. Foreign remittance
  6. Affordable Residential Flats in Gurgaon
  7. Manufacturing
  8. TAN REGISTRATION ON E-FILLING SITE
  9. Form 10-IEA – Continuing Old Regime
  10. Income tax act 2026

More recent discussions | Post

Related Topics :

Loading