Wallpaper work done at office premises is revenue expense or capital expense??


This query is : Resolved 

Quick Summary
This discussion clarifies whether wallpapering an office is considered a revenue or capital expense for tax purposes. It addresses the specific case of an invoice exceeding £30,000 where fitting charges aren't itemised. The consensus is that such an expense likely requires TDS (Tax Deducted at Source) deduction under Section 194C of the IT Act.

17 June 2023 Wallpaper work done at office premises is revenue expense or capital expense?? amount of expense is around 40,000/-

17 June 2023 Revenue

17 June 2023 Sir should i deduct TDS on it?? As bill value is morethan 30,000/ and fitting charges is not mentioned separately in invoice.. please reply

17 June 2023 Yes, u/s. 194C IT act.


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