Fixed assets
This query is : Resolved
13 July 2016
Hi everyone. We Shifted my office one place to other place We take less agreement for new Premises. We incurred expenses for changes ( like wooden flooring, workstation, Glass working) I don't want to Capitalise . As per company law it's mandatory sir please help me.
Amol S Joglekar
(Expert)
13 July 2016
is the place RENTED or OWNED?
if it is rented, you need NOT capitalise such expenses mentioned by you in your query
if it is rented, you need NOT capitalise such expenses mentioned by you in your query
13 July 2016
Thank you sirIt's rented approximately 25 lacks amount sir . Please help me
Amol S Joglekar
(Expert)
14 July 2016
amount is NOT constraint.....you can treat it as revenue expenditure
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