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Expense allowed in cost of improvement

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(Querist)
07 May 2022 I had made payments to contractor with deductions of tds @1%, Is payment to contractor for building improvement is allowed in Cost of Improvement.
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CA Puja Sharma

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CA Puja Sharma (Expert)
07 May 2022 Yes, if the payment to the contractor is made for improvement, you can capitalise the expenditure to the building account.

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