Capital or revenue expenditure
This query is : Resolved
RAMAN ARORA
(Querist)
09 February 2019
Expenses incurred for repair of concrete road to pevar within the Petrol Pump are of capital or Revenue nature??
Amol S Joglekar
(Expert)
09 February 2019
please let me know who is the owner of the land on which the concrete road is built
RAMAN ARORA
(Querist)
11 February 2019
Assessee himself is owner of the land
Amol S Joglekar
(Expert)
11 February 2019
if the concrete road had been capitalised, then repairs on the road is REVENUE expenditure
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