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
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- GSTR-1A How to update Invoice
- Excess salary payment.
- 3cd- cash system of accounting is allowed?
- Provision for loans that are under Revenue Recovery
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Form 121-contradictory opinions
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Is Personal Guarantee of Director is Compulsory in case of loan to company ??
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
