dear frnds if any electric expenses attach to building has done than will it be considered as capital expense and capitalised in building value?
PRASHANT (Student CA Final ) 19 February 2014
ACCORDING TO MY KNOWLEDGE,
EXPENSES CAPITALISED ONLY WHEN ITS OCCURED AT THE TIME OF CONSTRUCTION...
CA. Kuldeep Singhi (Entrepreneur) 19 February 2014
If during construction period it has been done then it can be capitalised otherwise it should be shown as repair & maintenance expenses.
Rahul jain (LEARNING & TEACHING) 19 February 2014
thnks frnds....and one more question that any window construction fitted with glass is also the type of capital expense....
muralikumar (Manager Taxation) 21 February 2014
whatever construction fittings which is associated with new plant or building can be capitalized if its repair renewal etc. That and all consider as a revenue expenditure...