06 May 2019
Respected sir, We are building a hotel, and we are partnership firm, so for all works are given to subcontract basis and all the amount paid to subcontractor is our expense. So can i capitalized that expense? or i have to pay tds on that expense and show that expenses in p&l. if i show all that expense in p& l then for current year and next 1-2 year we will be loss making firm reason behind that is currently our construction work is ongoing and it is likely to be completed in next 1-2 year.
CAclubindia
