A company had a CWIP last year. Due to some event the same was not capitalised and has been written off. Under which head this writting off to be shown in Sch VI?
2 Replies
vikash rathi
(Chartered Accountant)
(787 Points)
Replied 12 May 2010
it will be shown as capital work in progress under the head fixed asset as :
Gross block :
less deprecitaion :
net Block :
add Capital work in progress
vikash rathi
(Chartered Accountant)
(787 Points)
Replied 12 May 2010
no deprecitaion will be charged on capital work in progress
Recent Topics
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
- Rectification to decrease income in SCHEDULE OS
- Can Statutory Auditor of a subsidiary become concu
- Client Asking for the Revised Invoice
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- GST registration for medical shop in Karnataka
Related Threads
CAclubindia
