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Querist : Anonymous

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Querist : Anonymous (Querist)
03 May 2012 Amount spent on fencing a newly acquired land should it be capitalised or written off as revenue expenditure? If capitalised what will be its classification?
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
03 May 2012 IT SHOULD BE CAPITALISED.....CLASSIFICATION AS ADD IN FIXED ASSET

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