21) "The courts have superimposed upon the criteria in the repair regulation an overriding precept that an expenditure
made for an item which is part of a "general plan" of rehabilitation, modernization, and improvement of the property, must be capitalized even though, standing alone, the item may appropriately be classified as one of "repair.
State governments are likely, therefore, to follow the lead of federal lawmakers in favoring VPS, or some similar mechanism, because it adds to the states' armamentarium of techniques to limit Medicaid expenditure
8) The expenditure
on General Public Services in projected at Rs 2,543 billion which is 73.
In reciting the facts of the case, the Tax Court noted that the company accounted for the acquisition as a purchase, not a pooling, and capitalized the expenditures
for book purposes.
In most cases, the expenditure
is incurred in order to permit the taxpayer to use its property in the same manner as before the expenditure
Even from this limited description, one can discern a number of possible sources of error in the expenditure
The ANPRM addresses specific types of expenditures
for which capitalization is expected to be required, and specifically provides that "[t]he IRS and Treasury Department anticipate that other expenditures
to acquire, create, or enhance intangible assets or benefits generally will not be subject to capitalization under section 263(a).
Total Current Expenditure
Excluding Repayment of Foreign Loans###2,719,794###2,935,004###3,130,071
The House also approved Rs1,993,045,000 for other expenditure
of Establishment Division, Rs47,010,000 for National Security Division, Rs916,722,000 for Prime Minister Office, Rs249,568,000 for Board of Investment, Rs67,476,000 for Prime Minister's Inspection Commission, Rs8584,066,000 for Atomic Energy, Rs93,612,000 for Stationery and Printing, Rs1,610,708,000 for Finance Division, Rs5,442,111,000 for Controller General of Accounts, Rs557,861,000 for Pakistan Mint, Rs2,823,710,000 for National Savings and Rs14,851,835,000 for other expenditure
of Finance Division.
sought for expenditure
of over Rs 28 billion for secondary education and over Rs 17 billion for Health Department.
These changes will require significant alterations to existing acquisition business processes, as well as improvements to financial systems, including the way assets are associated with programs, contracts are written, individual items are identified, items are classified, and expenditure
information is captured.
The 2% average expenditure
for this component of care amounts to about $360 per patient per year, a fraction of the $1,500-2,000 that it costs to provide physician and clinic services.
The IRS rejected the deduction on the grounds the expenditure
was a miscellaneous itemized deduction subject to the 2% floor.
for welfare system employees increased from approximately $1.
that is directly associated with the rehabilitation of the project is considered a "qualified rehabilitation expenditure