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fire fitting expenditure deduction.

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6 Points Posted on 06 March 2019
can i get fire fitting expenditure deduction as a revenue expenditure under the act,if i am running the business of construction.?
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On 06 March 2019 at 17:17 Report
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SEO Sai Gr. Hosp.
211715 Points Posted on 06 March 2019

Yes, if its installed in the building which is constructed for sale...

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On 06 March 2019 at 18:50
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6 Points Posted on 06 March 2019
if it is cobstructed for own purpose.then?
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On 06 March 2019 at 20:38
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SEO Sai Gr. Hosp.
211715 Points Posted on 06 March 2019

If treated as fixed assets, depreciation can be claimed.

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On 06 March 2019 at 20:41
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6 Points Posted on 06 March 2019
okk
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On 06 March 2019 at 20:45
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CA FINAL ASPIRANT
3115 Points Posted on 07 March 2019
yes you can claim it as expenditure if constructed for sale
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On 07 March 2019 at 14:02


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