AS 10
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2010
I have started with a hospital. Now after the building is constucted, I am making pipeline to supply oxygen to each bed in the hospital. Would I be capitalising the cost of making such oxygen pipeline available or else? Moreover now I am also constructing a lift for emergency patient, so should I capitalise that cost to building or else?
19 July 2010
such oxygen pipeline should be capitalised depending on the materiality of amount of such expenditure. if the expenditure amount is substantial, then it should be capitalised.
further, LIFT should be capitalised as a seperate asset and should be depreciated seperately because life of Lift and building is considere seperately. I have seen examples of seperate capitalization in government department.
further, LIFT should be capitalised as a seperate asset and should be depreciated seperately because life of Lift and building is considere seperately. I have seen examples of seperate capitalization in government department.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
