Capitalization
This query is : Resolved
24 February 2016
if I am using godown on rent and if any expenses incurred for electrical repairing for the first time than it need to be capitalize or not?
I know this is a silly question but I want to be clear..
25 February 2016
Need not be capitalised, you can write off as repairs and maintenance.
25 February 2016
Agreed no need to capitalise, but you can take another opinion if heavy amount invested in repairs.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax implications of gift to maternal uncle
- PAN Migration to New AO
- How to open attachment in 23ac xbrl
- Capital gains LTCG
- Real estate business by a partnership firm where both of the partners are SC/ST
- Input Tax Credit Puf panels
- 26QB correction - no data available error for fully consumed/processed with default
- Demand due to error in 3cd
- TDS on Purchase of Immovable Property in case of Co Owner
- Partnership deed reconstitution in how much stamp paper in uttar pradesh
- Travel Agent Charges 5 GST without ITC. Can he raise invoice18 on Service Fee for Flight Tick
- Income tax planning
- Please help with SAC Codes (6 digits) for below mentioned services provided by Chartered Accountant
- Printing Press under Composition Scheme
- 140-A Tax Wrongly Paid PAN No
- CSR funding for private limited companies
- Professional tax deduction monthly
- Refund Application in RFD 01 for Export without payment of tax
- Ewaybill bill to ship from
- Fail to issue gst invoice from last 46 months
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT
CA Deepak Gupta26 April 2025
CAclubindia
