If the company incurs repairs & maintenance on its property held as investment will the expediture be allowed as an expense.
Menu
Repair expenditure incurred on property held as investment
Replies (3)
It should be capitalize, not treated as revenue expenditure
will it be allowed as an expense for income tax purpose
no, it should be capitalise
Recent Threads
- Are AI tools like ChatGPT actually useful for CA w
- UK TAX (HMRC) HELP WITH INVESTIGATIONS, DISPUTES,
- Payment processor not transferring or refunding pa
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
Related Threads
CAclubindia
