aasita (ACA) (387 Points)
25 August 2009
Radheyshyam Falod
(CA)
(416 Points)
Replied 25 August 2009
Yes u can otherwise there will only expenses and no income. So it will be capitalised.
shreyas
(Student)
(260 Points)
Replied 05 September 2009
Since the construction work is not completed et and the business activity is not started all the expenses incurred should be capitalised by transferring them to Pre operative expenses and the same should be written off over the period of three years after business activity starts...
Hence, interest on capital paid should also be capitalised in this case....
CAclubindia
