Menu
Capitalization of expenses met on operation lease
Hi all,
Is expenses met on asset acquired on non-operation lease is capitalized.
As per Income tax act the same is capitalize but what about AS?.
Case.
My client have taken flat on rent @ mall for store purpose.when he acquired the asset it was newly built so he made expenses to make it as per his requirement.
Now my query is whether to capitalise the expense amount?
Replies (1)
its non operating lease.
Recent Topics :
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
Related Topics :
CAclubindia
