Capitalise interior furnishing
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2012
can we capitalise interior furnishing of rented building?
for instance shop furnishing with lights,shelves,false ceiling etc. should we take shelves in furniture, lights in electrical fittings etc as there doesnot seem to be a head for interior furnishing.
Then False ceiling costed 1 lakh under which head as this rented building
Can painting of rented building (-shop) also be capitalised?
for instance shop furnishing with lights,shelves,false ceiling etc. should we take shelves in furniture, lights in electrical fittings etc as there doesnot seem to be a head for interior furnishing.
Then False ceiling costed 1 lakh under which head as this rented building
Can painting of rented building (-shop) also be capitalised?
05 July 2012
shelves can be taken in furniture,false ceiling can be taken to building cost(1 lakh can be capitalised)
2. painting cannot be capitalised as it doesnt increases the efficiency or capacity of asset
2. painting cannot be capitalised as it doesnt increases the efficiency or capacity of asset
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- GST Rate for Catering Services
- FCRA 6 E- Intimation
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Non-Compliance documents have not been submitted by the contractors debited
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
