Menu
Leased line expenses
can leased line expenses of a software co. be debited to p&l a/c. Isn't it a capital expenditure
Replies (1)
Lease rental is purely revenue nature, if any capital assets forming part of your leased line expenses and the service life of the that assets is more than a year need to be capitalized subject to your monetary threshold fixed by your organization for capitalization of the Assets.
Recent Topic
- Payment to foreign national
- Internal reconstuction
- IDS Refund – Annexure B & GSTR-3B Match,
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
- GST Payment through DRC-03 by cash against notice
- Schedule EI for ITR1
- INCOME TAX DEPARTMENT: DOUBLE STANDARDS
Related Topics
CAclubindia
