our company is running its office on rented premises.(we are just paying monthy rent ) Company had made provision of Rs. 4.6 core for renovation of premises. My question is that whether this expendiure should be capitalised or be booked under R/M expenses. (why and under which head )
Rental agreement donot contain any provision regarding renovation.
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Treatment of renovation expenses on operating lease
Replies (2)
Renovation expense incurred cannot be capitalized, because the premises you have taken on rent is not at all your asset. Let me know if there is any difference of opinion.
Yes... I agreed to Mr Balaji Ramalingam...
You can't book it under Capitalize. Can Only under R/M.....
You can't book it under Capitalize. Can Only under R/M.....
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