Capitalisation of borewell cost
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 June 2011
Can any one suggest the accounting treatment of borewell and drilling expense in case of service rendering company?
Is this forming part of building cost or plant cost, both for the purpose of accounting and Income tax?
Is this forming part of building cost or plant cost, both for the purpose of accounting and Income tax?
Ram Avtar Singh
(Expert)
21 June 2011
all expenses to be capitalize up to installation.
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