Sign boards
This query is : Resolved
09 October 2009
A manufacturing company purchases sign boards to be put up on its retail outlets. Is this expenditure in the nature of capital or revenue?
09 October 2009
Advertisment Exps.
09 October 2009
It is a revenue expense..
09 October 2009
Is there any literature which shows that the sign boards with a life of around 3 years can be capitalised?
09 October 2009
Of revenue nature. Visit the following
https://www.caclubindia.com/judiciary/judiciary_detail.asp?judiciary_id=891
https://www.caclubindia.com/judiciary/judiciary_detail.asp?judiciary_id=891
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