Revenue expenditure

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PRATIKSHA (Querist)
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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 ???

Nikhil Kaushik

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

Sandeep Dharar

Sandeep Dharar (Expert)
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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.

PRATIKSHA

PRATIKSHA (Querist)
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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 ???

Sandeep Dharar

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

Nikhil Kaushik

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

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