Showroom making expences

This query is : Resolved 

07 November 2018 Hi,

I start my office and for renovation I have paid for electric fitting, paint, cctv and celling exp. I want to know under which head I should make a entry in tally for these expenses.

08 November 2018 Is the Building is Your own or rented...?!

08 November 2018 if office is your own than renovation you can capitalized under electrical equipment and building.

10 November 2018 Building in on rent and the space is around 700 sq. feet.

10 November 2018 You can claim ITC for the Expenditure...

10 November 2018 ok, and under the same head as Rajnish Sir mentioned.

10 November 2018 (under the same head as Rajnish Sir mentioned.)

What you mean...?

10 November 2018 My real question was:
I start my office(it's on rent) and for renovation I have paid for electric fitting, paint, cctv and celling exp. I want to know under which heads I should make a entry in tally for these expenses.

10 November 2018 You can Book it under "Fixed Assets Head" or "Repairs & Maintenance"

10 November 2018 Dear Faishal,

Seggrigate like this....All the expenses made on renovation of building is your expense and book this under repair & maint.

All the electrical item expenses like cctv, fans, lcd, ac, cooler , exhust will be capitalized under fixed assets sub head electrical equipment or office equipment.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
16 July 2026
Manager - Finance & Accounts

Aliens Group

Hyderabad

CA Final

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
13 July 2026
AVP / VP - PCG Advisory

Workforce Connect

Mumbai

MBA

View Details