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Capital or revenue expenditure

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(Querist)
31 August 2011 In case building is being renovated and it is a kind of demolishing some parts,painting ,new wiring etc,then the expenditure incurred will be of capital or revenue nature?
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
31 August 2011 It is a capital expenditure.

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