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Accounting treatment

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(Querist)
16 February 2012 What is the treatment for creating partion in factory premises to create a seperate division (amount exceeds Rs.1lac)
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Maninder Jain

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Maninder Jain (Expert)
18 February 2012 I think the expense done is giving benefit of enduring nature & the partition wall is new one. So it not Repair & maintt.
The expense should be capitalised under head "Buildings"

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