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Major repair expenses to the exiting building

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(Querist)
24 August 2023 Repair and renovation expenses incurred for the existing building like fixing of tiles to the walls, replacement of sanitary fittings, painting etc.,, whether it is capital in nature shall be capitalises the same
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 August 2023 Such repair expenses are revenue in nature.

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