Revenue or capital expenditure
This query is : Resolved
Querist : Anonymous
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.
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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