One UPS Purchased in last finacial year 11-12 and installed ia retail store and capitalised in the books. Now there is repair required which cost Rs.8000/- whether it will be revenue expenditure or capital expenditure.
Menu
Revenue expenditure or capital expenditure
Replies (1)
Anything which will increase the working capacity of the asset has to be capitalized irrespective of the amount spent... Plz check the nature of the expenses...
Recent Topics :
- APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
- Advance for supply of goods
- Question for members: how do you manage client doc
- Clarification Required on Invoicing and Receipt of
- SEBI Registered VS NSDL Registered RTA
- Income tax or capital gain tax for Resident Indivi
- PCIT-1 Thane Email address
- CA Fees deduction for non audit case allowed?
- 5th Letter PAN Mismatch with Surname issues still
- Criteria to hire an article
Related Topics :
CAclubindia
