Capitalisation of expenses
This query is : Resolved
16 December 2013
If a person has taken a property on rent and incurred expense on renovation, can this expense be capitalised
please qoute section for your answer
please qoute section for your answer
16 December 2013
Can be capitalised and required to be depreciated over the peirod of lease or rental period
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16 December 2013
Thanks sir but pls qoute the supporting with section or case law
16 December 2013
no section or case law available
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generally any fixed asset is required to depreciated over the period of its useful life
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so here we can take lease period/rental period can be taken as useful life
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generally any fixed asset is required to depreciated over the period of its useful life
..
so here we can take lease period/rental period can be taken as useful life
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