We are a builder and partnership firm. We have purchased some materials(angles,channels) for doing the frame work for an advertisement hoarding. The hoarding is to be used by our firm only. To which head we shud post these expenses - Is this capital or repair & maintenace or any others?
Menu
Which head?
Replies (3)
It will be repair maintenance. Since economic benefits will not arise from it. I am assuminng hoarding is not related to any project / site work.
Since you are the real estate business, the expenses comes under the head of Advertisement expenses.
i think it should be deffered over the period of time
Recent Topics :
- Tds - filing Conso File for tax year 2026-27
- ITR-3 Filing For AY 2026-27 - Tips
- Capital Gain on sale of Depreciated Factory Gala
- Interesting Observation from a Recent Income Tax S
- ITR 3 Utility Not Taking Marginal Relief on Net To
- MV Electrosystems IPO Allotment Date, Status Check
- TDS payment code query
- Query on FLAIR return
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
Related Topics :
CAclubindia
