Accounting and tax treatment of assets

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Accounting and tax treatment of assets

Queries
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07-01-2009, 05:01 AM

A guest house of companies director is used both for company(Foreign guest live there) and personal purpose(his family is living there).

Company has installed air conditioner,computers, electrical equipments, furniture at the directors premises and is capitalising all those as fixed asset in their books of accounts. Further company is only allocating those expenses in its books which are related to foreign guestes only.

Would anybody please tell me both the accounting and tax treatment of those items.

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Accounting and tax treatment of assets - by Queries - 07-01-2009, 05:01 AM

[No subject] - by faisal_desperado - 07-01-2009, 07:54 PM

[No subject] - by Queries - 07-02-2009, 01:00 AM

[No subject] - by faisal_desperado - 07-04-2009, 06:29 AM

[No subject] - by Queries - 07-08-2009, 12:44 AM

[No subject] - by faisal_desperado - 07-08-2009, 04:47 AM

[No subject] - by Queries - 07-08-2009, 02:30 PM

[No subject] - by faisal_desperado - 07-09-2009, 04:13 PM

[No subject] - by Queries - 07-09-2009, 08:11 PM

[No subject] - by faisal_desperado - 07-10-2009, 05:54 AM

[No subject] - by faisal_desperado - 07-10-2009, 06:14 AM

[No subject] - by Queries - 07-10-2009, 07:06 PM

[No subject] - by faisal_desperado - 07-10-2009, 09:01 PM

[No subject] - by Queries - 07-10-2009, 09:50 PM