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Revenue expenditure

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(Querist)
10 March 2014 maintenace charges paid for flat should be debited to flat shown under investments or should be debited to profit and loss account ???
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
10 March 2014 annual/monthly maintenance charges should be expensed out. any major repair can be capitalised.
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Sandeep Dharar

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Sandeep Dharar (Expert)
10 March 2014 If the maintenance charge r annual & recurring in nature then show it under P&L A/c as expense. And if there is any major expenses regarding Maintenance then u can capitalise it.
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PRATIKSHA

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PRATIKSHA (Querist)
10 March 2014 maintennace charges are around 180,000 for 6 months and 50% amount of amount is paid once.
dn whether it should be capitalised or expensed out ???
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Sandeep Dharar

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Sandeep Dharar (Expert)
10 March 2014 It can b capitalised and added to the block of assets.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
10 March 2014 well if doesnt lead to any improvement in the asset, then still expense it out
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