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Fixed assets

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(Querist)
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.
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Amol S Joglekar

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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
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sumendar

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sumendar (Querist)
13 July 2016 Thank you sirIt's rented approximately 25 lacks amount.
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sumendar

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sumendar (Querist)
13 July 2016 Thank you sirIt's rented approximately 25 lacks amount sir . Please help me
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Amol S Joglekar

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Amol S Joglekar (Expert)
14 July 2016 amount is NOT constraint.....you can treat it as revenue expenditure
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