Can travelling expenses be capitalised?

This query is : Resolved

aagam (Querist)
Follow

31 May 2014 Can expenses incurred on travelling, lodging and boarding for erection and commissioning of a machinery be capitalised ?

Guest

Guest (Expert)

31 May 2014 YES YOU CAN CAPITALISE THEM...............

Message likes : 1 times

aagam (Querist)
Follow

31 May 2014 Thanks for the prompt reply.

Can you plese share relevant case law?

CMA. CS. Sanjay Gupta (Expert)
Follow

01 June 2014 In my view it should not be capitalized and should be charged to P/L as revenue expenditure.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess