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Capital or revenue expenditure

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19 May 2020 A housing society does wire fencing around the boundary of the society and a common washing area for vehicles. Now these two fencing expense & washing area expense will be capitalised or treated as expense for that year?? Plz reply
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 May 2020 Treat it as expenses as it's common expenses for the society spent out of the amount collected from members.
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