Nature of expenses – even if the substantial amount is spent on ...

Repairs and renovations on rented office premises are revenue expenses, not capital assets for taxpayers.

June 7, 2014

Case Laws Income Tax AT

Nature of expenses – even if the substantial amount is spent on repairs and renovation of office premises taken on rent, it is to be allowed as revenue expenditure because no capital asset is acquired by the assessee - AT

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Nature of expenses – even if the substantial amount is spent on ...

Repairs and renovations on rented office premises are revenue expenses, not capital assets for taxpayers.

June 7, 2014

Case Laws Income Tax AT

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