Expenditure on construction of temple

i was told

temple constructed inside the factory premises should be treated as capital expenditure and  5%depriciation claim can be made.

where as while condtructed outside the factory premises it is to be treated as revenue expenditure and totally charged to p&l a/c.

can someone piease eloborate on this??

Replies (4)

it is capital expenditure inside factory premises charged as capital expenses outside factory premises depend whether you use sample for public purpose or private purpose

that is to whom the ownership of tample,if you are having ownership of tample then it cannot be charged as revenue expenses

it will always be a capital expenditure....

Temple outside the factory premises is neither Capital expenditure and nor allowable as Revenue Expenditure in the capacity of the Co. coz its not buss. exp.

Originally posted by : Vijay Manwani (Vicky)

Temple outside the factory premises is neither Capital expenditure and nor allowable as Revenue Expenditure in the capacity of the Co. coz its not buss. exp.

COMPLETELY AGREED.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details