06 September 2010
Respected Experts pleese guide me IF WE REPLACE THE FRONT BOARD AND FLEX OF THE FRONT OF THE SHOWROOM THEN WHAT SHOULD WE TREAR IT " AS CAPITAL EXPENDITURE" (FURNITURE AND FIXTURE) OR "REVENUE EXPENDITURE"(OFFICE EXPENSES)
07 September 2010
if your turnover is above 5-6 lacs than dont capitalise..... Just have Maintenance exp head in P&L account... Auditors wont bother for it...
You can capitalise if you need but for such amount i will advice not to do it...
CAclubindia
