Expences besides depriciation.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2012
Dear expert,
A scooter employed in business and claiming depreciation thereon. I would like to know that whether expences on its engine overhauling can be claimed in P&L A/c besides depreciation.
Please advise me.
A scooter employed in business and claiming depreciation thereon. I would like to know that whether expences on its engine overhauling can be claimed in P&L A/c besides depreciation.
Please advise me.
29 June 2012
Yes it can be claimed as it is a revenue expenditure.
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