11 February 2019
A construction ( Commercial Shop) was in process at now for the last 10 months and it was now in a finishing stage. Exactly ( May be) the shop will open on March 1 st 2019.
In that situation, what are the expenses made for during construction was eligible to claim in P & L Account. 1.The construction was on the basis of loan and for that we had paid interest towards loan. 2.And we had purchased some machinery, furniture and others ( Fixed assets). 3.Make payment as electricity charges for temporary connection. 4. Make payment to plumber and tile worker etc 5. Depreciation for the above purchased fixed assets.
Please give your valuable reply considering the matter that the shop will open on before March 31st or after march 31, 2019.