Pre operating expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 January 2013
Sir
can we capitalise pre operating expenses like consultant fee, loan processing charges, salary for the labour during the pre operating phase of a new project which is extension of our current business line.
can we capitalise pre operating expenses like consultant fee, loan processing charges, salary for the labour during the pre operating phase of a new project which is extension of our current business line.
CA Kishore Tallam
(Expert)
08 February 2013
Yes. Pre-operative expenses incurred for the purpose of the project can be taken to CWIP and can be capitalised to the assets once the project is completed.
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