Hi! Here i am in a Co. Audit(Listed co.) I had a hot discussion with the Accounts GM whether a Table Tennis board (Rs 20k) purchased for Staff should be capitalised or not.
I am of the view it should not be. Bcos it is purely for staff Welfare and it wil attract FBT.
But he questioned me whether a Gymnasium built for staff for Rs 10 lacs(say) could be charged to Revenue?????
Please help me out........
CAclubindia
