Repair Costs for Rented Premises: Taxpayer-Borne Expenses Classified as Revenue Expenditure.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Nature of expenses – Capital or revenue – Any expenditure incurred by the assessee towards repairing the premises taken on rent if he has undertaken to bear the cost of the repairs is allowed as revenue expenditure - HC....