Capitalisation of travelling expenses
This query is : Resolved
03 March 2012
Director went to foreign for purchase of machinery, because of some reason they did not purchase from there but they purchased another same kind of machinery from India. Can foreign Expense incurred in relation to machinery which did not purchase from foreign capitalised or added in Cost of machinery which purchased in India?
03 March 2012
Can't be capitalized. Charge to P & L account for accounting purposes and disallow for income tax purpose.
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