Capex
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 February 2011
Sir,
In our company, we are planning to have a Canteen for our staff and It is been deceided that in our campus, the unused existed building can be renovated by carrying out of some excavation and construction works with apprx.value of Rs.7-10 lakhs.
Please advise me whether it has to be consider as a building maintenance work or CAPEX work. Is there any ceiling by IT for renovation of works?
Thanks
In our company, we are planning to have a Canteen for our staff and It is been deceided that in our campus, the unused existed building can be renovated by carrying out of some excavation and construction works with apprx.value of Rs.7-10 lakhs.
Please advise me whether it has to be consider as a building maintenance work or CAPEX work. Is there any ceiling by IT for renovation of works?
Thanks
02 February 2011
It is a capex and capitalise it........ there is no ceiling for it.....
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