building renovation expenses it is capital expenditure
SHABBIR SHIVALLI (1 Points)
21 October 2017
building renovation expenses it is capital expenditure
5 Replies
Ashiwini Ballodia
(Managing Partner at TAXounting)
(8737 Points)
Replied 21 October 2017
If it extend the economical life of building than it is to be capatilised.
If the expenditure is type of AMC than not to be capatilised
If the expenditure is type of AMC than not to be capatilised
kamal
(article assiatant)
(28 Points)
Replied 13 March 2018
ballodia sir, it will be a great help if u kindly share provision inline of yours advice. Specially if any case law
Ashiwini Ballodia
(Managing Partner at TAXounting)
(8737 Points)
Replied 14 March 2018
Kanak Ji kindly refer AS10 - Property, Plant & Equipment
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