27 June 2014
i would like to request if anybody could tell me whether interior expenses of new office(rented) amounting around than Rs 800000 should be treated as capital or revenue expenditure.If treated as capital expenses then in which head it should be capitalized? thank you
28 June 2014
if you expect rented premises to be available to you for more than an year, then capitalize the expense as fixtures and fittings...otherwise expense it out..
CAclubindia
