Capitalisation of Land & Building
This query is : Resolved
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
25 September 2008
if company purchases the constructed house , you can claim the depreciation on purchased value.
no need to apportion separately
no need to apportion separately
CA Nitin Wadhwani
(Expert)
25 September 2008
If in the Agreement Separate Apportionment is there,then its ok.
if not u can capitalize the whole amount.
if not u can capitalize the whole amount.
Ravikumar.G
(Expert)
25 September 2008
In Sale deed document Appendix page apportionment of land and building will be mentioned.
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