HIRE charges of Machinery and Equipments
This query is : Resolved
27 June 2008
Plzzzz....Guide me.....Whether Hire charges of machinery and Equipments for the purpose of construction should be capitalized or not?
27 June 2008
Yes.
28 June 2008
Whatever charges/expenses paid in construction of a CAPITAL asset must be capitalised....
IT is part of COST as per AS 10
IT is part of COST as per AS 10
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
- ITR filing obligation due to savings deposit
- ITC availability for BOLERO-HILUX (HIGH AT, M1G) HLXX0
- Issue with no residency during Jan, Feb, March 2025 due to diff. between US and India tax years.
- Can Stamp duty taken as a expense
- NRI as second account holder of resident account
- To Keep Records
- Regarding DTVSV application
- TDS Payment Single Payment
- GSTR-3B Late Filing Interest
- 2 factor authorization
- Spl02 waiver of interest and penalty
- Regarding Claim of ITC of FY 2020-21
- Form inc-24
- Regarding EPR Obligation Charges
- How to make any party sales or purchase recociliation
- E invoice mandatory for taxable value in a year 15 lakhs where as aggregate turnover is 6 crores
- TDS deduction.
- Regarding TDS deduction before 15CA filing
- ITC CLAIM ON CLEARING AND FORWARDING CHARGES IN CASE OF IMPORT
- Regarding 15CA.
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
