suraj (Student CA Final ) (288 Points)
31 August 2016
Bharath
(C.A,C.S)
(3983 Points)
Replied 31 August 2016
Hi,
This has to be linked with the Main asset. In case you are spending an amount on Huge capex worth a huge money, then all the expenses in order to bring it into existence can be capitalised. Generally most of the professional fees in relation to obtaining techincal assistance report,other professional reports are capitalised as part of the asset. In your case, my answer would be you can capitalise the same treating it as a professional service in relation to the asset.
Gourav Gupta
(Working in CA Firm)
(671 Points)
Replied 31 August 2016
CAclubindia
