Major repair expenses to the exiting building
This query is : Resolved
CA H R RAMA SWAMY
(Querist)
24 August 2023
Repair and renovation expenses incurred for the existing building like fixing of tiles to the walls, replacement of sanitary fittings, painting etc.,, whether it is capital in nature shall be capitalises the same
CA R SEETHARAMAN
(Expert)
24 August 2023
Such repair expenses are revenue in nature.
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