Capitalisation Vs. Revenue
This query is : Resolved
Sandeep Rathi
(Querist)
06 May 2008
Please let me know any book or Web Site to update / to gain expertise in determining whether particular expenditure is of capital or revenue
I know the basic concept.I just want to update acadamically by studing case laws / example
I know the basic concept.I just want to update acadamically by studing case laws / example
Amit Sharma
(Expert)
06 May 2008
Its very simple -
(a) Capital expenditue are those expenditures that occur only once in a particular financial year.
(b) Revenue expenditure are those expenditures which occur on a constant basis month after month in a particular financial year.
What expertise do you need sir on this basis, if you are specific i could in -turn help you whenever needed.
(a) Capital expenditue are those expenditures that occur only once in a particular financial year.
(b) Revenue expenditure are those expenditures which occur on a constant basis month after month in a particular financial year.
What expertise do you need sir on this basis, if you are specific i could in -turn help you whenever needed.
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