Chandan sharma (Not yet) (62 Points)
24 August 2016If the company incurs repairs & maintenance on its property held as investment will the expediture be allowed as an expense.
KAPIL JAIN
(Job full time as well as part time)
(232 Points)
Replied 24 August 2016
It should be capitalize, not treated as revenue expenditure
Chandan sharma
(Not yet)
(62 Points)
Replied 25 August 2016
will it be allowed as an expense for income tax purpose
KAPIL JAIN
(Job full time as well as part time)
(232 Points)
Replied 25 August 2016
no, it should be capitalise
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