Revenue vs capital
This query is : Resolved
JIGNESH P PARIKH
(Querist)
15 March 2012
Whether expenditure on Construction of Temporary Erection on Lease Hold Land for a period of 3 to 5 Years is allowed as deduction ? Kindly quote relevant case laws
Thanks
Thanks
Dintakurthi Tirumala
(Expert)
15 March 2012
If such Temporary Erection Construction used for the construction of capital asset then the expenditure on it would be capitalise otherwise it would be revenue( if it is used for earn some income).
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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