Capitalisation
This query is : Resolved
13 November 2013
Dear Sir,
We may incur some significant expenses on account of new factory opening in the form of inauguration function involving event management company expenses, exp on food and refreshments for visitors etc...may also include travel. Can we capitalise this along with the building cost. Is this to be treated separately and expensed or we can increase the building cost with this and claim depreciation
Thanks for your help
We may incur some significant expenses on account of new factory opening in the form of inauguration function involving event management company expenses, exp on food and refreshments for visitors etc...may also include travel. Can we capitalise this along with the building cost. Is this to be treated separately and expensed or we can increase the building cost with this and claim depreciation
Thanks for your help
14 November 2013
i dont think such expense are eligible for capitalization as they dont yield enduring benefits to the company. should be expensed out.
14 November 2013
Dear Nikhil, Thank you very much for the clarification. Regards Shankar
14 November 2013
You are welcome shankar
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Free lancer income
- Long Term Service award taxability in hands of company
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
