Expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2011
A company shows loss from last few years. now co has constructed building and plan for starting work. during year co has incurred interest exp on term loan and also incurred exp such as filing fees, audit fees, bank charges etc. my question is whether we show 1.interest during construction period as pr operative exp. or not. and also the other exp to be treated as loss
2. to treat all exp as pre operative
co is showing all exp as loss during last few years.
2. to treat all exp as pre operative
co is showing all exp as loss during last few years.
19 October 2011
DON'T TREAT ALL THESE EXP AS LOSS....CAPITALIZE INTEREST & OTHER PAYMENTS IF REALTED TO THE BUILDING IN BUILDING A/C.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- LIC maturity claim whether taxable
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Cash balance limit and property purchases limit
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
