hello sir
if i am buying new shop can i show shop AND product as expense
Rahul Yadav (3 Points)
06 April 2023hello sir
if i am buying new shop can i show shop AND product as expense
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(172513 Points)
Replied 06 April 2023
No, It is not revenue expenditure.
The purchase of any property being long term assets or capital expenditure.
Rahul Yadav
(3 Points)
Replied 06 April 2023
HOW
IF RENT CAN BE SHOWN AS EXPENSE THEN WHY COMMERICAL PROPERTY CANNOT BE SHOWN AS EXPENSE ?? IF A BULDER CONSTRUCT A BUILDING FIRST HE WILL BUY A LAND THE LAND WILL BE SHOWN AS EXPENSE THEN WHY COMMERCIAL PROPERTY CAN BE SHOWN AS EXPENSE? HOW TO SHOW PRODUCT AS EXPENSE?
sabyasachi mukherjee
(27334 Points)
Replied 06 April 2023
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
