Exp related to interior decoration of office
This query is : Resolved
03 March 2016
Sir Pl suggest it
My Client has taken office for lease for 10 years from his father
he has invested Rs. 6,00,000/- for office interior decoration how to account it
Whether it has taken in Furniture and Fixture or Separate Head Interior Decoration or repairs and maintenance under profit and loss account
My Client has taken office for lease for 10 years from his father
he has invested Rs. 6,00,000/- for office interior decoration how to account it
Whether it has taken in Furniture and Fixture or Separate Head Interior Decoration or repairs and maintenance under profit and loss account
Ashish Bansal
(Expert)
04 March 2016
As the amount has been expended into interior decoration, it may be treated as furniture & fixture. Depreciation under income tax can be claimed for the same.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Tax on Amount transferred in HUF Account
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
