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Repairs & maint

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 March 2015 My factory is old by 15 year. Now i had did repairs & maintence exps Rs.10 lcas I want to expenses out this instead of capitalised Can i do ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
15 March 2015 The test to be applied to decide whether it should be capitalized or charged to PL in a case like this is whether it will enhance the useful life of the asset concerned.

Depends on the nature of Repair & maintenance.

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