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Bulbs changed for entire hotel to LED. can it be capitalised.


Manish Chiranewal (Financial controller)     11 January 2020

Manish Chiranewal
Financial controller 
 21 points

| My Other Post

Can we capitalise the cost if change of existing bulbs to cost saving LED bulbs. amount involved runs into lacs.

avater

Heet Shah (Tax Consultant)     09 August 2020

Heet Shah
Tax Consultant 
 32 likes  1148 points

View Profile | My Other Post

Capitalisation of assets is not based on the sum involved.

avater

Heet Shah (Tax Consultant)     09 August 2020

Heet Shah
Tax Consultant 
 32 likes  1148 points

View Profile | My Other Post

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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