Capitalisation of Land & Building

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Manisha (Querist)
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25 September 2008 If a company purchased a constructed house whether cost of land and building are required to be separately capitalise. How these are separately assessed that what is cost of land and building

mohan rao

mohan rao (Expert)
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25 September 2008 if company purchases the constructed house , you can claim the depreciation on purchased value.

no need to apportion separately

CA Nitin Wadhwani

CA Nitin Wadhwani (Expert)
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25 September 2008 If in the Agreement Separate Apportionment is there,then its ok.
if not u can capitalize the whole amount.

Ravikumar.G

Ravikumar.G (Expert)
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25 September 2008 In Sale deed document Appendix page apportionment of land and building will be mentioned.

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