Quiry suggestion on capitalisation of an expenses......
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 July 2012
Sir I would like to ask you, that my client has incurred huge amount for renovation of rented premises...Whether it should be charged to Repairs and Maintainance or it should be capitalised ???
21 July 2012
Revenue expenditure.
Citation :- CIT Vs Escorts Finance Ltd (2006) 155 Taxman 559.
Citation :- CIT Vs Escorts Finance Ltd (2006) 155 Taxman 559.
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