A Pvt Ltd Co. Purchased a Television worth Rs 120000/- which is installed in Directors cabin, wether the same should be shown as Fixed Assets under office Equipments or it should be expensed out?
A Pvt Ltd Co. Purchased a Television worth Rs 120000/- which is installed in Directors cabin, wether the same should be shown as Fixed Assets under office Equipments or it should be expensed out?
you should capitalised it as office equipments
Should be shown as Office Equpiments under Fixed Assets..
Definately, it will be capitalised.Refer Section 37(1)
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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