Purchase of Property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 December 2010
Hi,
When a Company pays the Stamp Duty, Registraion Fees & VAT on Purchase of a property, these taxes & fees should be included to the cost of property or shown as expense.
When a Company pays the Stamp Duty, Registraion Fees & VAT on Purchase of a property, these taxes & fees should be included to the cost of property or shown as expense.
18 December 2010
Thease initial expenses are to be capitalised. In the case of a vehicle, first insurance need not be capitalised.
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 December 2010
Even the Interest Paid on Loan taken for the purchase of property should be capitalised?
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