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?
CA Sripal Jain
(Expert)
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
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