07-08-2009, 12:44 AM
Dear faisal i feel ur treatments are in contrast with each other.
In accounting you are saying that all assets should be capitalised but in tax you are saying that these should be treated as salary of director.
if these are treated as assets in accounting then depreciation should be allowed to company in tax as well.why u treating assets as salary of director in tax and as assets in accouting.
In accounting you are saying that all assets should be capitalised but in tax you are saying that these should be treated as salary of director.
if these are treated as assets in accounting then depreciation should be allowed to company in tax as well.why u treating assets as salary of director in tax and as assets in accouting.