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Painting to be capitalised

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 March 2011 Dear friends

Painting of the building (hotel with lodging)
to be capitalized or to be claimed as repair

ex:
Bulding value 1crore

Painting 5 lakhs
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prasad

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prasad (Expert)
01 March 2011 If the painting is done for first time then it should be capitalised. But if it is done second time or after the the same should be claimed as repairs to the building.

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