banner_ad

CAPITALIZATION OF AMT PAID TO MSEB

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 November 2008 Dear All,

Pl. clarify :

Whether the amt paid to MSEB for sanction of additional power supply (other than deposit) should be capitalized ?
Profile Image

CA.PRAMOD KUMAR PANDA

Profile Image

CA.PRAMOD KUMAR PANDA (Expert)
16 November 2008 Yes. Such deposits for drawing additional power from the Grid of SEB is refundable. If the deposits are in the nature of Security Deposits and to be shown as Current Assets.But if its in the nature of additional fee to be paid for additional power supply, the same can be capitalised along with the cost of Electrification and installation.
Profile Image

CA RAMESH KUMAR AHUJA

Profile Image

CA RAMESH KUMAR AHUJA (Expert)
17 November 2008 The refundable amount paid as Security Deposit, if any should be shown as Loan and Advance Recoverable in cash or kind and non refundable portion may be written off to P&L Account as a revenue expenditure.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details