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 :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
