banner_ad

Capitalization of Borewell / Tubewell

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 June 2011 Here my query is whether Borewell to be capitalized under Buildings or Land as Land development. Further whether can I capitalize drilling cost, PVC Pipes, Electrical Compressor and other accesories all put together as borewell.
Profile Image

Pankaj Gandhi Jaiswal

Profile Image

Pankaj Gandhi Jaiswal (Expert)
05 June 2011 Please specify this is factory building or residential building accordingly fact will be changed... in factory the bore well may help in production activity so separately can be identified while in building for residential project it will be part and partial of building but it will be depend on very thin line of fact
Profile Image

Srinivas

Profile Image

Srinivas (Querist)
06 June 2011 Yes, the mentioned borewell is inside factory premises. Not for residential purpose.

Thank you
Profile Image

Pankaj Gandhi Jaiswal

Profile Image

Pankaj Gandhi Jaiswal (Expert)
06 June 2011 If it is for factory water for production use then will be grouped as Borewell Plant
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 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details