Capital expenditure
This query is : Resolved
07 August 2012
Sir,
Can I capitalize the expenditure incurred for 3 phase electricity connection in the initial stages of my business.
Can I capitalize the expenditure incurred for 3 phase electricity connection in the initial stages of my business.
08 August 2012
Hi, expenditure for electricity line is distinguished in to two categories:
1. Bringing the ele line to premisse
2. Set-up installed in the premises
Expenses of first nature can not be capitalised as not incurred within premises and not of capital nature
Expenditure of second nature can be/or will be capitalised. You can include fees or payments paid to consultants here for liaison
1. Bringing the ele line to premisse
2. Set-up installed in the premises
Expenses of first nature can not be capitalised as not incurred within premises and not of capital nature
Expenditure of second nature can be/or will be capitalised. You can include fees or payments paid to consultants here for liaison
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
Trending Online Classes
CAclubindia
