Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

banner_ad

Classification of Head

This query is : Resolved

Share Report Follow Query Ask a Query

Shashi Kumar C.G.

Shashi Kumar C.G. (Querist)
Follow

18 April 2009 If we purchase bed, bedsheets, pillow, towels etc for a service apartment worth Rs.40000/-. My query is whether we should treat this as revenue exp. or capital exp. and why? Under which head?

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
Follow

18 April 2009 Bed may be capitalised as a Fixed Asset under the head of Furniture and Fixtures while all other items may be w/off as revenue expenditure as all are consumable in nature.

CA Nitin Wadhwani

CA Nitin Wadhwani (Expert)
Follow

18 April 2009 I agree with Mr.Ramesh

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
Follow

21 April 2009 agree

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CCI Pro

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

CCI Pro

Meet our CAclubindia PRO Members

Pro Member Amit Chaturvedi

Amit Chaturvedi

Pro Member S D Kannan

S D Kannan

Pro Member RAVINDRA KUMAR

RAVINDRA KUMAR

Pro Member DEEPAK BHARGAVA

DEEPAK BHARGAVA

Pro Member GOVIND VAJIRAJ DESAI

GOVIND VAJIRAJ DESAI

Follow us

add to google news

Answer Query

Quick Links

Browse by Category

Latest Job Openings

View all

08 May 2026

CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details

19 May 2026

Accountant

ca kunjan

Mumbai

CA Inter

View Details

14 May 2026

Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details

Featured 27 May 2026

Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

08 May 2026

Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details

11 May 2026

CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details

14 May 2026

Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details

Featured 28 May 2026

SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details