Foreign exchange income/expenses on capital goods

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Ashutosh Gupta (Querist)
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23 January 2014 Hello, I wish to enquire that if the forex expense related to purchase of capital goods can be capitalised?
If yes, then after capitalisation they are to be written off OR to be used as part of Gross Block and depriciation to be charged thereof as normal course of business?

P V Ram

P V Ram (Expert)
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23 January 2014 All expenses to bring the asset to use can be capitalised and are to be recovered through depreciation.

Thanks!