Legal fee
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 May 2012
Legal fee paid to advocate for drafting land registration documents and other related work; the same can be included in the cost of land or can be treat as a revenue expenditure.
Kindly clarify it.
Kindly clarify it.
19 May 2012
All cost directly attributed to acquisition of asset are included in the cost of asset.
Hnece legal fees paid to advocate for the purpose of acquiring land is directly attributed to land and hence to be capitalised.
Hnece legal fees paid to advocate for the purpose of acquiring land is directly attributed to land and hence to be capitalised.
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