Capitalization
This query is : Resolved
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..
KAVIRAJA ADDANGADI
(Expert)
25 February 2016
Need not be capitalised, you can write off as repairs and maintenance.
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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