Relocation expenses on major expansion
CAstud_end (Student ) (83 Points)
20 December 2016CAstud_end (Student ) (83 Points)
20 December 2016
Nitin Bhuta
(Chartered Accountants)
(1253 Points)
Replied 20 December 2016
Yes it can be capitalised
CAstud_end
(Student )
(83 Points)
Replied 20 December 2016
Originally posted by : Nitin Bhuta | ||
Yes it can be capitalised |
Can you provide basis for it.
Because para 20 of IndAS states relocation expenses cannot be capitalised
Nitin Bhuta
(Chartered Accountants)
(1253 Points)
Replied 20 December 2016
Normal relocation expenses can't be capitalised but these expenses need to be incurred for establishing new plant thus it can capitalised as part of anciliary cost to establish new plant for carrying out business activities of the enterprise smoothly and effectively.
raghavendhra reddy
(ca ipcc)
(79 Points)
Replied 20 December 2016
raghavendhra reddy
(ca ipcc)
(79 Points)
Replied 20 December 2016
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