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capitalisation of Expenditure

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(Querist)
02 May 2011 Bank Charges in respect of capital Assets importd is to be capitalised or not. Machinery is Ready to use ( not qualifying Assets). laon is taken for Purchase of Assets.
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CA Navin Jain

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CA Navin Jain (Expert)
02 May 2011 all expenses till use to fixed assets to be capitalised, hence bank charges also to be capitalised

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