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Capital or revenue

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(Querist)
08 October 2012 The value of the flow meter fixings cost of Rs,1.50 lakhs for existing pipe lien . to measure the water consumption for each areya.

Is it revenue or capital.


Kindly refer the respective case law for the same
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Amit J. Hemani

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Amit J. Hemani (Expert)
11 October 2012 I think it is a capital expenditure because it is ontime exp. for getting benefit for long time
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Amit J. Hemani

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Amit J. Hemani (Expert)
11 October 2012 I think it is a capital expenditure because it is ontime exp. for getting benefit for long time
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
11 October 2012 It is a capital expenditure
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Asokkumar.N

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Asokkumar.N (Querist)
15 October 2012 Thanks for your valuable replay

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