Fan will be capitaliesd under which asset head :
Office equipment or Furniture & Fixture ??
Menu
Fixed asset categorisation
Replies (3)
It is capitalized separately under electrical fittings and appliances and depreciation rates are applied accordingly.
Electrical fittings are classified under plant & machinery as per sch-14.
nd those fittings are for ceiling fans...what abt stand fans ??
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
