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capitalization of Property tax

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(Querist)
26 June 2009 Dear Sir,

I wish to know whether we can capitalize Property tax paid to muncipality particularly when our factory building (on the said property)is under construction?

Regards,
s.m.datar
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CA Vishvesh

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CA Vishvesh (Expert)
26 June 2009 Hi Shridhar

in my opinion you can capitalise the same.

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