Menu
Fixed asset capitalization - invoice
Dear all,
Please guide, as to whether it is compulsory that the name of the Company is mentioned on fixed asset bills/invoice for them to be capitalized?
Will the bill being in the name of the directors or TCWG, disqualify such assets from being capitalized?
Replies (1)
No Not necessary ,Payment should be made out of the comapany bank account .
Recent Threads
- What's CGAS?
- A Comprehensive Guide to Modern Digital Marketing
- Income tax status
- Demand raised for 'Self assessment tax' amount AY2
- TDS payment using Form 26QB when buying property o
- Export sales not realised payment not received fro
- RCM related queries
- Negative Export Value in GSTR 3B
- Income tax intimation -AY 24-25
- Tax Implications of Alumni Union (R) under Society
Related Threads
CAclubindia
