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Capital exp. or revenue exp.

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 December 2014 Purchase of Air Conditioner for Motor car weather it should be capitalized or Charged as Revenue.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
20 December 2014 if it increases the life of motor car beyond the previous standard assessment then capitalise it else expense it in profit and loss a/c
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Rupesh Jain

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Rupesh Jain (Expert)
20 December 2014 it is replacement of old ac then you have to expenses off.




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