Menu
Liquidated Damages on fixed assets
Liquidated Damages on fixed assets whether to treated as revenue or reduce from capitalised asset?
Replies (1)
Liquidated Damages received it is you revenue if you are doing business of the same product in the normal course of your business, if you are selling your fixed assets and receive any amount due to breach of contract you need to reduce the cost of the Fixed Assets.
But contract terms should be maintained properly.
But contract terms should be maintained properly.
Recent Topics :
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
Related Topics :
CAclubindia
