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Purchase of Property

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 December 2010 Hi,

When a Company pays the Stamp Duty, Registraion Fees & VAT on Purchase of a property, these taxes & fees should be included to the cost of property or shown as expense.
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CA Manikandan.A.V

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CA Manikandan.A.V (Expert)
18 December 2010 Thease initial expenses are to be capitalised. In the case of a vehicle, first insurance need not be capitalised.
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Querist : Anonymous

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Querist : Anonymous (Querist)
18 December 2010 Even the Interest Paid on Loan taken for the purchase of property should be capitalised?
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