current repairs u/s 30

  • Income Tax

Repairs to preserve and maintain already existing asset eligible u/s 37(1) as revenue expenditure

Repairs to preserve and maintain already existing asset and to improve its longevity eligible eligible as current repairs  ABCAUS Case…

5 years ago
  • Income Tax

Rented Building Renovation-Repair Expenses are Current Repairs allowable u/s 30. Accumulated repairs not allowed only when assessee owns building-ITAT

Rented Building Renovation-Repair Expenses are Current Repairs allowable u/s 30. Accumulated repairs not allowed only when assessee owns building, as…

8 years ago