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False ceiling work - wheather to capitalize or treat as expenditure

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(Querist)
26 August 2022 hello sir,
Government given an old building to a society for residential school purpose for which the concern school made renovation which includes false ceiling in the dormitory.
can we capitalize it or it can be treated as expense?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 August 2022 You can capitalize it.
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Rajesh Raj

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Rajesh Raj (Querist)
27 August 2022 @dhirajlalrambhia Sir, can you support the statement with the reason.



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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
27 August 2022 Its not repairs or routine job. Based on its life span, it should be capitalized.

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