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Capitalisation of Land & Building

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(Querist)
25 September 2008 If a company purchased a constructed house whether cost of land and building are required to be separately capitalise. How these are separately assessed that what is cost of land and building
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mohan rao

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mohan rao (Expert)
25 September 2008 if company purchases the constructed house , you can claim the depreciation on purchased value.

no need to apportion separately
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
25 September 2008 If in the Agreement Separate Apportionment is there,then its ok.
if not u can capitalize the whole amount.
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Ravikumar.G

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Ravikumar.G (Expert)
25 September 2008 In Sale deed document Appendix page apportionment of land and building will be mentioned.

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