Capital or revenue
This query is : Resolved
08 October 2012
The value of the flow meter fixings cost of Rs,1.50 lakhs for existing pipe lien . to measure the water consumption for each areya.
Is it revenue or capital.
Kindly refer the respective case law for the same
Is it revenue or capital.
Kindly refer the respective case law for the same
11 October 2012
I think it is a capital expenditure because it is ontime exp. for getting benefit for long time
11 October 2012
I think it is a capital expenditure because it is ontime exp. for getting benefit for long time
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11 October 2012
It is a capital expenditure
15 October 2012
Thanks for your valuable replay
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