Capital expenditure

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 July 2012 how much money can be assumed as a capital expenditure when a fixed asset is purchased and installed in a company???

srinivas reddy

srinivas reddy (Expert)
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09 July 2012 up to start the production ,that total expenditure incured

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CA Prashant Gupta

CA Prashant Gupta (Expert)
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09 July 2012 follow AS-10
Value of machine and all expenses to make it ready to use.
Excise or other duty which are refundable/cenvatable will be excluded from this. even trial production can be capitalised.
So you can say
purchase value+ Freight+ tax which are not creditable + installation charges + trial production

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