Allawability of expense

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 February 2010 Respected Sir,

Whether expense incurred for the construction of building & office premises within the factory shall be allowed as expense while computation of profit?

20 February 2010 The exp seemsto be in the natre of capital and should be capitalised.

Exp would be disallowed.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 February 2010 thanx sir

20 February 2010 any expenses incurred for getting or generating any asset should be capitalised & will be capital nature. so the expenditure will not be allowed. however expenses on repairs & maintanance is a revenue type expenditure so that will be allwed as expenses

20 February 2010 It shall be capitalised

20 February 2010 yes , it shall be capitalised.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details