If some engineer comes in a co. for increasing efficiency of some machines than s.tax on hotel bills of engineers will also be capitalized or not. Thanks In ADVANCE
Menu
Query
Replies (3)
No. It would be requried to expensed out to P&L A/c as it is not incurred in relation to the assets.
no ..
this item should not be capitalised as it purely revenue in nature..
though
this item can be capitilised if dat person is come at the time of installation of machine..
thks dude
Recent Threads
- How to fill in csv file for Schedule 112A
- Gst 2a and Gst 3b difference
- What happens if a taxpayer forgets to file ITR but
- ITR 2 / Schedule FA / Income tax
- Best CA Office Management Software Tools for 2025
- GST ON ROYALTY APPLICABLE
- Income tax Regarding Rural Agriculture land
- Need Help & Clarification in ITR filing : ITR
- HOW TO ADD BANK ACCOUNT FOR A NON RESIDENT
- Gift to son for purchasing Commercial space
Related Threads
CAclubindia
