are legal expenses to defend a suit claiming that firm's factory site belongs to plantiff capital or revenue expenditure?
Menu
Capital or revenue expenditure
Replies (3)
Quick Summary
In my opinion its " Revenue Expenditure " , please confirm with others also .
i referred to two different books and one claims it's a capital expenditure while other claims it's revenue expenditure. why's that so
Revenue expenditure as it is incurred to maintain the ownership of capital assets. If same would incurred to acquire the ownership of capital assets in that case it would be capital expenditure.
Recent Topics :
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
Related Topics :
CAclubindia
