Allowability of expenditure incurred on Fensing
This query is : Resolved
18 October 2009
A company has incurred expenditure for fensing the land in which a factory was established, whether this expenditure is a revenue expenditure or not?
Will it make any difference if this expenditure is incurred regularly as some villagers are spoiling this fensing for gazing their cattle as much grass is available in the open land of the factory.
My email id:t.adinarayana@yahoo.com
Will it make any difference if this expenditure is incurred regularly as some villagers are spoiling this fensing for gazing their cattle as much grass is available in the open land of the factory.
My email id:t.adinarayana@yahoo.com
18 October 2009
Fencing cannot be trated as revenue expenditure. The same should be capitalised. The reason being the benefit is of enduring in nature and it will increase the value of the asset to that extent.
18 October 2009
Agree with Expert
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- Is any professional CA is here please reply
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- Rental income gst and it purpose
- EPF FULL & FINAL RULES IN 2026
- Reprocessing of rectification order AY 2025-26
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
