Expenditure on leased office improvements like ceilings and partitions is revenue expenditure, tax-deductible, not creating enduring assets.

Expenditure on leased office improvements like ceilings and partitions is revenue expenditure, tax-deductible, not creating enduring assets. https://www.taxtmi.com/highlights?id=38742 Nature of expenditure on leased premises for office use - the expenditure incurred on false ceiling as well as partition, glass etc., cannot be held to be creating any asset of an enduring nature - to be allowed as revenue expenditure - AT en-us Wed, 04 Apr 2018 15:15:10 +0530 Wed, 04 Apr 2018 15:15:10 +0530 TaxTMI RSS Generator Expenditure on leased office improvements like ceilings and partitions is revenue expenditure, tax-deductible, not creating enduring assets. https://www.taxtmi.com/highlights?id=38742 Nature of expenditure on leased premises for office use - the expenditure incurred on false ceiling as well as partition, glass etc., cannot be held to be creating any asset of an enduring nature - to be allowed as revenue expenditure - AT Highlights Income Tax Wed, 04 Apr 2018 15:15:10 +0530 https://www.taxtmi.com/highlights?id=38742