If the company incurs repairs & maintenance on its property held as investment will the expediture be allowed as an expense.
Menu
Repair expenditure incurred on property held as investment
Replies (3)
It should be capitalize, not treated as revenue expenditure
will it be allowed as an expense for income tax purpose
no, it should be capitalise
Recent Topic
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
Related Topics
CAclubindia
