Fixed assets
This query is : Resolved
07 November 2012
Suppose a new Building has been constructed(Transfer from CWIP to Fixed Assets).So, Whether the Electrical Fittings like Lightning Bulbs should be capitalised in building or seperately as Electrical Installation?(Becoz depreciation rates are different)
07 November 2012
Lighting arrangement per se should be classified separately. (Unless in the case of ready made flats where a lumpsum consideration is paid for the flat which comes along with electrification system, drainage system, security system, drinking water system and so on)
07 November 2012
Actually its an administration building constructed within the factory premises.In that case ,under which head the Lightning arrangement should be classified? Is it Electrical Installation carrying 4.75% SLM depreciation rate?
07 November 2012
I think... it should be classified as such... electrical installation.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax implications of gift to maternal uncle
- Closure of a PVT LTD company
- 26QB correction - no data available error for fully consumed/processed with default
- Real estate business by a partnership firm where both of the partners are SC/ST
- ROC filings for the first year of incorporation
- TDS on Purchase of Immovable Property in case of Co Owner
- How to open attachment in 23ac xbrl
- When I Login E-invoice portal with waybill user id and pw, it is showing 3011 error data
- TDS applicability_turnover
- Gift deed_registration date
- Input Tax Credit Puf panels
- Unable to convert User role from Registered user to Business user on MCA V3 portal
- Please help with SAC Codes (6 digits) for below mentioned services provided by Chartered Accountant
- Need to send letter to GST dept. For claimed missed ITC
- Printing Press under Composition Scheme
- 140-A Tax Wrongly Paid PAN No
- CSR funding for private limited companies
- SAC codes for Chartered Accountant
- Professional tax deduction monthly
- Cross charges verses Isd methof
CAclubindia
