Bulbs changed for entire hotel to LED. can it be capitalised.
Manish Chiranewal (Financial controller) (21 Points)
11 January 2020Manish Chiranewal (Financial controller) (21 Points)
11 January 2020
CA. Heet Shah
(Tax Consultant & Practitioner)
(6174 Points)
Replied 09 August 2020
Capitalisation of assets is not based on the sum involved.
CA. Heet Shah
(Tax Consultant & Practitioner)
(6174 Points)
Replied 09 August 2020
Capitalisation of bulb is not possible since one would not expect the benifit from would b available for more than 1 financial year especially in case of hotels
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