CA Day celebration 2024 Easy Office
LCI Learning

Capitalisation of Leasehold Land

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 March 2008 I want to know the accounting treatment for the below mentioned situation of a leasehold land.

Lease Period : 99 Years
Plot Deposit : 5.5 Lac (Refundable)
Development Charges : 14.5 Lac (Non Refundable)
Water Plant Cost : 3 Lacs ( Non Refundable)

How much should i capitalize? How much to be shown as deposit?

Give your suggestions
Profile Image

CA Praveen Chopra

Profile Image

CA Praveen Chopra (Expert)
27 March 2008 Deposit amount can`t be capitalised since it is refundable.Remaining both items should be capitalised.
Profile Image

CA Saurabh Maheshwari

Profile Image

CA Saurabh Maheshwari (Expert)
28 March 2008 CAPITALISE 17.5 LACS(14.5+3) BEING NON REFUNDABLE
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Subash Gaijes

Profile Image

Subash Gaijes (Querist)
28 March 2008 Thanks for your comments to support my opinion
Profile Image

jaygulani

Profile Image

jaygulani (Expert)
01 April 2008 Contact to Jay Gulani for Live chat. dial 09424515253

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links