Can we capitalise architecture's fees in case of construction of office building?
Vaibhav Ashtaputre (Service) (34 Points)
26 May 2010Can we capitalise architecture's fees in case of construction of office building?
NITIN JAIN
(CA FINAL STUDENT)
(42 Points)
Replied 27 May 2010
yes, in case of construction of building it shoud be capitalised
Pavan Shetty
(Accountant)
(36 Points)
Replied 27 May 2010
It should be capitalized including service tax (if your firm is not taking Service Tax input Credit)
Mayank Shyamsukha
(CA FINAL)
(119 Points)
Replied 27 May 2010
Yes, architecture fees should be capitalised to the value of the office building.
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