hello sir
if i am buying new shop can i show shop AND product as expense
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(184626 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
(27709 Points)
Replied 06 April 2023
As per accounting parlance there are two types of expenditure revenue and capital.
Recent Topics
- ITC on iron purchased for construction
- GST on Rent- December
- EXPORT with LUT but LUT is not generated
- Requirement of registering additional place of bus
- Fd closure primary account holder deceased -fd clo
- Untraceable shareholders
- FY 2025-26 TDS Rates For Companies
- Commercial property; claim GST paid on property in
- Business Valuation Report: A Practical Guide for F
- Automating Tally Reporting for Enterprises - Trial
Related Threads
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT
CA Deepak Gupta26 April 2025
CAclubindia
