Building renovation

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..... Need info on accounting for renovation of 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 building. Hence the same to be treated as Capital Expenditure. However if the same expenditure is incurred by tenant then it is revenue expenditure. Refer: &l .....

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..... bidi-theme-font:minor-bidi;} <![endif]--> Modi Spg. Wvg. Mills Co. Ltd. v. CIT [1993] 200 ITR 544 (Delhi) - Building renovation - Query Started By: - PADMAJA VARADARAJAN Dated:- 11-1-2011 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - ta .....

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..... xmanagementindia.com - TMI - TaxTMI - TMITax .....

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