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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Revenue or Capital expenditure - expenditure incurred by the ...


Taxpayer's Renovation Costs Classified as Capital Expenditure, Eligible for Depreciation Claims on Improvements to Meet Licensee's Needs.

August 29, 2013

Case Laws     Income Tax     AT

Revenue or Capital expenditure - expenditure incurred by the assessee in relation to the premises under consideration for complete renovation to suit the requirements of licencee is a capital expenditure and the assessee is entitled to depreciation - AT

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