capital expenditure V/s revenue expenditure
This query is : Resolved
27 August 2009
if an enterprise wanted to shift their office building to a new building, and the new building(under construction) was owned by managing director of the enterprise.
My query was whether the enterprise booked this construction expenditure in the enterprise books of accounts(rent is paid by the enterprise) or is there any other treatment for this
My query was whether the enterprise booked this construction expenditure in the enterprise books of accounts(rent is paid by the enterprise) or is there any other treatment for this
28 August 2009
depreciation on any capital expenditute is allowed, irrespective of the fact assessee owns the premises or not.so it is allowed
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