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Capital or revenue expenditure

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(Querist)
19 January 2017 Purchase of electrical cables are capital or revenue expenditure?
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CA Suresh Jain

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CA Suresh Jain (Expert)
19 January 2017 As a thumb rule, If it is for new installation, it is Capital Expenditure and if is for repairing of existing one , it is revenue Expenditure
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Madhav Krishna

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Madhav Krishna (Querist)
19 January 2017 if it is a new istallation,is it accounted under head office equipment
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