What is the treatment of rent paid during the period of construction .....notes issued by ICAI?
4 Replies
Vrnanda
(auditor)
(110 Points)
Replied 29 April 2009
Can you just eloborate you question.
Did you mean lease rent of land paid during the construction of the building.
or
Rent paid for DG set, or rent paid towards, rent for equipment necessary for the purpose of construction.
Please eloborate your question, but dont say all. If you have all, plese quote all.
Thank you.
Prakash Popat
(3134 Points)
Replied 02 May 2009
Lease Rent for machinary directly expenditure towards constrcution cost and would be parts of WIP,whereas Rent paid for alternate accomodate for tenant should be part and parcel of cost of land acquisitions.................likewise.
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