Capital Gain
This query is : Resolved
Bharat Kumar
(Querist)
25 June 2011
Office premises is taken on lease, renovation expenses is paid of 75 lacs.
Now question arises:-
1. Whether renovation expenses can be claimed as revenue exp or to be capitalised?
2. If premises are rented and if above expenses are incurred, will it treated as revenue exp or to be capitalised?
3. if property is owned then what happen?
Now question arises:-
1. Whether renovation expenses can be claimed as revenue exp or to be capitalised?
2. If premises are rented and if above expenses are incurred, will it treated as revenue exp or to be capitalised?
3. if property is owned then what happen?
25 June 2011
claimed as revenue exp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
