20 April 2015
Please advise the rules and guidelines for capitalisation of expenses related to B2B exhibitions. We have our own brand and participate in National and International B2B exhibitions.
21 April 2015
Thanks Sanjay. You are right with respect to B2C exhibitions. Expenses on B2C exhibitions are of the nature of revenue expenditure. However, expenses on B2B exhibitions are more in the nature of capital expenditure since the business generation takes time- few months to a few years.
CAclubindia
