Power connection
This query is : Resolved
archit mantri
(Querist)
23 May 2018
FOR NEWLY SET UP MANUFACTURING UNIT PAID POWER CONNECTION CHARGES IS CAPITAL EXPENDITURE OR REVENUE. IF CAPITAL THAN DEPRECIATION RATE AS PER INCOME TAX ACT
CA PARAS BAFNA
(Expert)
23 May 2018
It is Capital Expenditure and generally it can be added to the cost of Plant & Machinery
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