Lawns on a land ? nature of expenditure ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 February 2011
Sir,
if an assesee incurrs expenditure on gandening the land and put lawns thereon and plant trees. What type of expenditure it is ? Is it a capital or revenue expenditure ? and under which heading it will go ? whether depreciation will be allowed on it ? Pls guide. Thanks.
if an assesee incurrs expenditure on gandening the land and put lawns thereon and plant trees. What type of expenditure it is ? Is it a capital or revenue expenditure ? and under which heading it will go ? whether depreciation will be allowed on it ? Pls guide. Thanks.
05 February 2011
It is Horticulture exp, booked as revenue.
Message likes :
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Guest
Guest
(Expert)
05 February 2011
Agree with Mr. Bhagat
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