Capital Gain
This query is : Resolved
25 June 2011
Office premises is taken on lease, renovation expenses is paid of 75 lacs.
Now question arises:-
1. Whether renovation expenses can be claimed as revenue exp or to be capitalised?
2. If premises are rented and if above expenses are incurred, will it treated as revenue exp or to be capitalised?
3. if property is owned then what happen?
Now question arises:-
1. Whether renovation expenses can be claimed as revenue exp or to be capitalised?
2. If premises are rented and if above expenses are incurred, will it treated as revenue exp or to be capitalised?
3. if property is owned then what happen?
25 June 2011
claimed as revenue exp
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