Repairs and renovations on rented office premises are revenue expenses, not capital assets for taxpayers.

Repairs and renovations on rented office premises are revenue expenses, not capital assets for taxpayers. https://www.taxtmi.com/highlights?id=18807 Nature of expenses – even if the substantial amount is spent on repairs and renovation of office premises taken on rent, it is to be allowed as revenue expenditure because no capital asset is acquired by the assessee - AT en-us Sat, 07 Jun 2014 16:55:24 +0530 Sat, 07 Jun 2014 16:55:24 +0530 TaxTMI RSS Generator Repairs and renovations on rented office premises are revenue expenses, not capital assets for taxpayers. https://www.taxtmi.com/highlights?id=18807 Nature of expenses – even if the substantial amount is spent on repairs and renovation of office premises taken on rent, it is to be allowed as revenue expenditure because no capital asset is acquired by the assessee - AT Highlights Income Tax Sat, 07 Jun 2014 16:55:24 +0530 https://www.taxtmi.com/highlights?id=18807