In IPL every franchise has to pay the BCCI a certain sum of money for buying the players at the auction. How should they treat that expenditure in their books of accounts??
Menu
Treatmant of exp made by IPL franchises for buying players
Replies (1)
This is to be treated as direct expenditure. This is a sort on licence fee one franchisee gives to its principle. It may be accounted on the account head of "Franchisee fee"
Recent Topics :
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
- TDS on rent paid to RNOR Landlord. Can RNOR US tax
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
Related Topics :
CAclubindia
