Niraj Nirala (Student>>CA>>IPCC) (134 Points)
30 November 2018We have got made steel coated roofing for our Desiel Generator. Now the question is whether is it to be capitalized or not? If it is capitalized then under which category, whether the Value of Desiel Generator would be increased or some new asset addtion would be shown? Please guide.
Thank you.
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 30 November 2018
If its increasing life of diesel generator then definately capitalize it under diesel generator head
CAclubindia
