Shifting cost of old machineries - Capital or Revenue?
This query is : Resolved
23 June 2009
Our management have proposed to shift all the old machineries to other location.
The cost involves dismentling, tranport, insurance, assembly cost etc.
Whether these costs should be treated as revenue expenditure or should we capitalise the exp?
Please mention relevant section of the Income Tax Act,1961.
The cost involves dismentling, tranport, insurance, assembly cost etc.
Whether these costs should be treated as revenue expenditure or should we capitalise the exp?
Please mention relevant section of the Income Tax Act,1961.
23 June 2009
Revenue
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Grand in aid
- TAX AUDIT QUESTION
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
