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Fixed asset

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 March 2013 Hi ,

A Contractor given bill for company renovation ( item wise split up ) in that electrical installation including earthing & wiring what is the treatment for this item whether capitalise or revenue ( It is a rented premises )
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Vivek Hebbar

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Vivek Hebbar (Expert)
16 March 2013 You can capitalise it as lease hold improvements and amortise it over the period of lease.

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