Income tax an d accounting tretment
This query is : Resolved
13 August 2011
i have 5 units of plant.i m considering another unit under the same company and same business.the unit is under progress as on 31.03.what will be the tax and accounting treatment for revenue and capital expenditure.
14 August 2011
Fixed assets under processing will be treated as Capital work in progress under both companies act & Income tax act. depreciation can be claimed only after asset put in to use
14 August 2011
I agree with the expert
15 August 2011
agreed with Ramesh
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