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.
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