CAPITAL VS REVENUE

This query is : Resolved

gurudutt (Querist)
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06 November 2008 EXPENSES ON CONSTRUCTION OF ADVERTISEMENT HOARDING IN A PRIVATE LAND CAN BE TREATED AS REVENUE EXPENDITURE?? WITH REFERENCE TO S.37(3) DELETED EARLIER....

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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06 November 2008 More details required, as to creation of any asset value.

gurudutt

gurudutt (Querist)
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06 November 2008 EXPENSES ON CONSTRUCTION OF ADVERTISEMENT HOARDING IN A PRIVATE LAND CAN BE TREATED AS REVENUE EXPENDITURE?? WITH REFERENCE TO S.37(3) DELETED EARLIER....

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gurudutt

gurudutt (Querist)
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06 November 2008 EXPENSES ON CONSTRUCTION OF ADVERTISEMENT HOARDING IN A PRIVATE LAND CAN BE TREATED AS REVENUE EXPENDITURE?? WITH REFERENCE TO S.37(3) DELETED EARLIER....

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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07 November 2008 If the hoarding consists of any assets (plant etc.,) of enduring value, then to that extent they are only capital.