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Land developement charges

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(Querist)
20 August 2008 Whether land developement charges made for an owned land, which does not provide a future benefit, can be claimed as an expenditure or should be capitalised?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
20 August 2008 What is the nature of development? If it does not result into benefit why was it incurred?

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