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Sign boards

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(Querist)
09 October 2009 A manufacturing company purchases sign boards to be put up on its retail outlets. Is this expenditure in the nature of capital or revenue?
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
09 October 2009 Advertisment Exps.
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Taranjit Singh

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Taranjit Singh (Expert)
09 October 2009 It is a revenue expense..
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Jyothi Sharma

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Jyothi Sharma (Querist)
09 October 2009 Is there any literature which shows that the sign boards with a life of around 3 years can be capitalised?
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K V Subba Rao

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K V Subba Rao (Expert)
09 October 2009 Of revenue nature. Visit the following

https://www.caclubindia.com/judiciary/judiciary_detail.asp?judiciary_id=891

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