Capitalisation of preliminary expense
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 October 2017
Dear Sir,
I'm engaged in business of tile manufacturing.But currently i doesn't have any trading activities.I incur electricity charges,telephone charge,documentation charges and other indirect expense like printing and stationery,postage etc....is it possible to capitalise all these type of expense,if there is capital work in progress(Building,Godown)....
I'm engaged in business of tile manufacturing.But currently i doesn't have any trading activities.I incur electricity charges,telephone charge,documentation charges and other indirect expense like printing and stationery,postage etc....is it possible to capitalise all these type of expense,if there is capital work in progress(Building,Godown)....
18 October 2017
why to capitalise? You can treat it as revenue expenditure.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2017
Since i have not yet started any trading activity in my premise.Actually my firm is a took over firm.And the infrastructure was already existing.But i need some charnges And currently i'm having WIP building also.
19 October 2017
please give all the details, then the solution can be given.
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