Sign boards
This query is : Resolved
Jyothi Sharma
(Querist)
09 October 2009
A manufacturing company purchases sign boards to be put up on its retail outlets. Is this expenditure in the nature of capital or revenue?
Ram Avtar Singh
(Expert)
09 October 2009
Advertisment Exps.
Taranjit Singh
(Expert)
09 October 2009
It is a revenue expense..
Jyothi Sharma
(Querist)
09 October 2009
Is there any literature which shows that the sign boards with a life of around 3 years can be capitalised?
K V Subba Rao
(Expert)
09 October 2009
Of revenue nature. Visit the following
https://www.caclubindia.com/judiciary/judiciary_detail.asp?judiciary_id=891
https://www.caclubindia.com/judiciary/judiciary_detail.asp?judiciary_id=891
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