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Querist : Anonymous

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Querist : Anonymous (Querist)
10 March 2014 1.Can we capitalise ducting expenses incurred for installation of Centralised AC?

2.What will be the treatment in case of rented property or building?

3. In above mentioned case if the property is rented, then in which category (asset) the above cost will be capitalised?
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CA Parul Saxena

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CA Parul Saxena (Expert)
10 March 2014 yes you can capitalise it.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
10 March 2014 1. As per AS 10 u can capitalise it

2.it will not make diff in either case.
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