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Capitalization

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(Querist)
24 February 2016 if I am using godown on rent and if any expenses incurred for electrical repairing for the first time than it need to be capitalize or not? I know this is a silly question but I want to be clear..
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
25 February 2016 Need not be capitalised, you can write off as repairs and maintenance.
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CA. Ramiz M. Rather

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CA. Ramiz M. Rather (Expert)
25 February 2016 Agreed no need to capitalise, but you can take another opinion if heavy amount invested in repairs.




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