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revenue exp vs cap exp

Others 457 views 1 replies
flooring and tiling work in church compound rs. 8lakh . should it be charged to revenue or considering the amt added to building (capitalised) ?? assessee is a trust / church.
pls advice
Replies (1)
If the building is also getting a renovated apart from tiling and flooring work then capitalise the same and claim as capital expenditure else claim it as revenue expenditure. Since the assessee is a trust if it is claimed as capital expenditure, depreciation on the these assets should not be claimed as it will lead to double deduction


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