27 November 2018
As per definition of "construction”, Construction includes re-construction, renovation, additions or alterations or repairs,to the extent of capitalisation, to the said immovable property. Here is that The term capitalisation means if it is debited to Profit and Los account of the "Books" then it is not a construction activity ? An if it is like that than what will be the supporting for such capitalisation other than books of account ?
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