Nature of exp. capital or reveune
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 November 2010
My client pur.2nd hand ct scan machine @ Rs.15,00,000/- (new machine costs rs.65 laks) after 18 months one part costing Rs.7,00,000/- replaced,without that part machine not work properlly.We debited exps.to p&l a/c.Pl.nature of exps.capital or revenue?
22 November 2010
In my opinion it should be in the nature of capital expenditure.
it should be deducted from respective fixed assests.
it should be deducted from respective fixed assests.
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