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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Nature of expenditure on leased premises for office use - the ...

Income Tax

April 4, 2018

Nature of expenditure on leased premises for office use - the expenditure incurred on false ceiling as well as partition, glass etc., cannot be held to be creating any asset of an enduring nature - to be allowed as revenue expenditure - AT

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  2. Expenses incurred on temporary repairs and maintenance on leased premises are in the nature of revenue - AT

  3. Revenue or Capital Expenditure - Temporary structure by means of false ceiling and office renovation had not resulted in any capital expenditure - HC

  4. Assessee is entitled for 100% depreciation in respect of vinyl flooring, false ceiling, glass and wooden partitioning, electrical wiring, Net work cabling etc., in the...

  5. Nature of expenditure - Expenditure incurred by the assessee towards repairs and renovation of the premises to house the branch - if the expenditure incurred by the...

  6. Expenditure incurred on leased out premises - expenditure incurred on the construction of any structure on the leased premises should result in saving of the revenue...

  7. Disallowances under section 30(1) - expenditure incurred on repair and renovation of renting premises allowed - HC

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  9. Nature of stamp duty paid in relation to the leased business premises - Revenue or capital expenditure - lease was for a period of 10 years - The same is not a deferred...

  10. Capital expenditure vs Revenue expenditure - expenditure on payment of lease rent and maintenance of the pipeline as per Build, Own, Operate, Transfer (BOOT) contract -...

 

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