Poonawalla fincorp
Poonawalla fincorp

Nature of exp. capital or reveune

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 November 2010 My client pur.2nd hand ct scan machine @ Rs.15,00,000/- (new machine costs rs.65 laks) after 18 months one part costing Rs.7,00,000/- replaced,without that part machine not work properlly.We debited exps.to p&l a/c.Pl.nature of exps.capital or revenue?
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
22 November 2010 In my opinion it should be in the nature of capital expenditure.
it should be deducted from respective fixed assests.

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