Ducks should be capitalised or not?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 January 2012
Assessee having poultry farm..
he import the ducks and sell the eggs.
now ducks which are imported should be capitalised or not..
what is the correct treatment please explain...
he import the ducks and sell the eggs.
now ducks which are imported should be capitalised or not..
what is the correct treatment please explain...
13 January 2012
They will be Capitalised at Cost.
In case of Death, Proportionate Cost is considered as Expense and debited to P&L
In case of Death, Proportionate Cost is considered as Expense and debited to P&L
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