Building usges(bu) charges is revenue or capital expenditure
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 December 2011
company paid BU charges to Municiple corporation for their factory premises.whether such exp. is treated as revenue or capital? shold i capitalised in factory building a/c ?
is there in case law related to this?
plz guide me
on this
is there in case law related to this?
plz guide me
on this
13 December 2011
By these charges if there is any improvement to the building, then it will be treated as capital expenditure and if there is no improvement then it will treated as revenue expenditure only
Thanks,
CA M Sreenivasa Rao.
Thanks,
CA M Sreenivasa Rao.
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Gift of mutual fund units to daughter
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Reporting of STCG on Property in ITR
- Form 10BD Filling
- Not able to file ITR
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
