All others yes, except parking charges.
thanks sir for replying... parking charges is 1.5 lac. its one time charges. should we show it in P&L??
Yes, can be debited to parking charges under P&L acc
If the terminology 'Parking Charges' implies amount paid towards purchase of dedicated Parking Space for the shop, then you could capitalise it as a Fixed Asset, esp since the parking space will be used for the business.
And it could even be disclosed separately (& not added to Building cost) in balance sheet as Fixed Assets, if the parking space is capable of being sold separately.
CAclubindia
