Wherether the expenditures incurred for further expansion of roads to be capitalise or not ???
Pradeep Patankar (IFRS ( London)) (289 Points)
20 April 2012Wherether the expenditures incurred for further expansion of roads to be capitalise or not ???
Kolluru Krishna Murty
(Partner)
(315 Points)
Replied 20 April 2012
If the expenditure on roads increases the capacity of roads serviced (length of road) the expenditure has to be capitalized.
Other wise the expenditure has to be charged off to revenue.
kkm
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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