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06 September 2010 Respected Experts pleese guide me IF WE REPLACE THE FRONT BOARD AND FLEX OF THE FRONT OF THE SHOWROOM THEN WHAT SHOULD WE TREAR IT " AS CAPITAL EXPENDITURE" (FURNITURE AND FIXTURE) OR "REVENUE EXPENDITURE"(OFFICE EXPENSES)
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CA Shiv

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CA Shiv (Expert)
06 September 2010 whats the amount.... if its less than treat it as revenue or else capitalise it....
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DEVENDER THAKUR

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DEVENDER THAKUR (Querist)
07 September 2010 amt is Rs8500/-
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CA Shiv

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CA Shiv (Expert)
07 September 2010 if your turnover is above 5-6 lacs than dont capitalise.....
Just have Maintenance exp head in P&L account... Auditors wont bother for it...

You can capitalise if you need but for such amount i will advice not to do it...
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DEVENDER THAKUR

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DEVENDER THAKUR (Querist)
07 September 2010 Our annual turnover is over 8 crore
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CA Shiv

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CA Shiv (Expert)
07 September 2010 expense out... dont capitalise....
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DEVENDER THAKUR

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DEVENDER THAKUR (Querist)
07 September 2010 Thanks a lot sir
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