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.
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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