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TaxTMI 
TaxTMI 
TaxTMI 
Building renovation
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....uilding renovation<br> Query (Issue) Started By: - PADMAJA VARADARAJAN Dated:- 11-1-2011 Last Reply Date:- 13-1-2011 Income Tax<br>Got 1 Reply<br>Income Tax<br>Need info on accounting for renovation o....
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....f building? Need taxation view and accounting view. Reply By CA Rachit Agarwal: The Reply: If the renovation expenditure enhances the value of buildings and also increases the life-cycle of the buil....
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....ding. Hence the same to be treated as Capital Expenditure. However if the same expenditure is incurred by tenant then it is revenue expenditure. Refer: Normal 0 false false false EN-US X-N....
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.... mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} Modi Spg. & Wvg. Mills Co. Ltd. v. CIT [1993] 200 ITR 544....
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.... (Delhi)<br> Discussion Forum - Knowledge Sharing ....