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Accounting treatment

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(Querist)
25 June 2012 A company has paid Rs. 5.00 Lakhs for change of land use for agricultural land to industrial use. The unit already exists on the land. Kindly advise whether the clu charges should be charged to revenue or capitalised under land or building?
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Vipul

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Vipul (Querist)
25 June 2012 anyone plz reply
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
26 June 2012 The expense should be capitalised.
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Vipul

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Vipul (Querist)
26 June 2012 In Building or Land, which head?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
27 June 2012 It should be added to the cost of Land.
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