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Revenue or capital expenditure

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 December 2012 can lessee of building who has taken on lease for 8years claim expenditure on interior work as revenue expense or can capitalise it.
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Amol S Joglekar

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Amol S Joglekar (Expert)
03 December 2012 Yes. One can claim it as revenue expenses if the interior work is attached with (embedded in) building.
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