dear frnds if any electric expenses attach to building has done than will it be considered as capital expense and capitalised in building value?
5 Replies
PRASHANT
(Student CA Final )
(39 Points)
Replied 19 February 2014
ACCORDING TO MY KNOWLEDGE,
EXPENSES CAPITALISED ONLY WHEN ITS OCCURED AT THE TIME OF CONSTRUCTION...
CA. Kuldeep Singhi
(Entrepreneur)
(424 Points)
Replied 19 February 2014
If during construction period it has been done then it can be capitalised otherwise it should be shown as repair & maintenance expenses.
Rahul jain
(LEARNING & TEACHING)
(435 Points)
Replied 19 February 2014
thnks frnds....and one more question that any window construction fitted with glass is also the type of capital expense....
muralikumar
(Manager Taxation)
(23 Points)
Replied 21 February 2014
dear frnd
whatever construction fittings which is associated with new plant or building can be capitalized if its repair renewal etc. That and all consider as a revenue expenditure...
Rahul jain
(LEARNING & TEACHING)
(435 Points)
Replied 21 February 2014
if exp.realted to old building than????
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