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Interior work expenditure

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(Querist)
15 October 2008 Our company spent more than 8 Lakhs for interior work.

My question is : 1. Can we capitalise the above expenditure ?

if yes,

1.What is the rate of Depreciation?
2.Which is the accounting head the above be capitalised?

Regards,

Joseph
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CMA Jitendra Singh

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CMA Jitendra Singh (Expert)
15 October 2008 This interior work in on rented property or company owned Building(Fixed assets)
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