Hello,
I want to know whether Fees paid for building use is treated as capital expenditure or revenue expenditure?
Dheladiya I&T (9 Points)
20 July 2018Hello,
I want to know whether Fees paid for building use is treated as capital expenditure or revenue expenditure?
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 20 July 2018
Revenue expenditure since its a Rent paid for use of a property
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 21 July 2018
It is as per AS 9 - Revenue recognition
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