Easy Office
LCI Learning

Is painting revenue or capital expense?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 June 2015 IS EXTERIOR PAINTING OF BUILDING DONE AFTER 4-5 YEARS TREATED AS REVENUE EXPENDITURE OR CAPITAL EXPENDITURE?
Profile Image

Ankur Singhal

Profile Image

Ankur Singhal (Expert)
22 June 2015 DEAR TANVI,
painting expense of building is always a revenue expenditure.

As this expenditure do not increase the capacity of the asset.
Also painting is not an addition to the building.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
22 June 2015 its revenue exp. due to its not add/expand the building.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess


Answer Query



Quick Links