Exp related to interior decoration of office

This query is : Resolved

sivakumar (Querist)
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03 March 2016 Sir Pl suggest it

My Client has taken office for lease for 10 years from his father

he has invested Rs. 6,00,000/- for office interior decoration how to account it

Whether it has taken in Furniture and Fixture or Separate Head Interior Decoration or repairs and maintenance under profit and loss account

Ashish Bansal

Ashish Bansal (Expert)
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04 March 2016 As the amount has been expended into interior decoration, it may be treated as furniture & fixture. Depreciation under income tax can be claimed for the same.