Easy Office
LCI Learning

captilisation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 April 2009 is design consultancy charges of a building will be captilised or not.plsease give me reply in two sitautions (I)whther the building is being made (II)or the buildind has already been made,
Profile Image

CA.Tarun Maheshwari

Profile Image

CA.Tarun Maheshwari (Expert)
02 April 2009 1. If the building is being made then you should capitalise these charges.

II) If building has already been made then you have both options - either capitalise, or claim the expenses.

Practically, decision shall be taken on the nature of work involved and the amount involvement in the transaction.
Profile Image

CA Devanshi Gandhi (Ajani)

Profile Image

CA Devanshi Gandhi (Ajani) (Expert)
02 April 2009 1.. it can be capitalised
2. if the bldg is ready for use and after that such exp are incurred it cannot be capitalised
Upgrade to CAclubindia Pro. Subscribe Now!


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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links