Depreciation on site development
This query is : Resolved
CA. Mala Rohara
(Querist)
28 December 2009
Is depreciation is allowed on land site development expenses? If yes, then what is the rate of depreciation?
CA Sidhi Gaur
(Expert)
29 December 2009
no, depreciation is not allowed on land site development expenses.it will be capitalised with the cost of land only.
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