banner_ad

How to treat this

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 October 2007 It is a School, which is doing services in the LEASED BUILDING and PLAY GROUND for 99 Years. They repaired the play ground with RS.200000/-. What will be the Accounting Treatment for this.

The Expense is CAPITAL or REVENUE. Shall U Clarify me...
Profile Image

Miss Komal Mantri

Profile Image

Miss Komal Mantri (Expert)
16 October 2007 if it results in any sort of enhancement then it should b treated as capital expenditure.....
Profile Image

CA. Rayan Sequeira

Profile Image

CA. Rayan Sequeira (Expert)
16 October 2007 It is a capital expenditure as the lease period is substantial and hence u'll have to capitalise it. if the lease term was less than 11 yrs then you should cahrge it off to the P&L A/c
Profile Image

Sandeep Diwan

Profile Image

Sandeep Diwan (Expert)
16 October 2007 Lease period more than substantial hence such expense should be treated as capital expense.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details