Prior project period cost
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 January 2013
Can anyone explain me how to account a prior period project cost for Example Drawing, Quantity Surveying, quoting exp.... and related Labour cost of the Designing Engineer and Quantity Surveyor. Are these expenses are project related cost? Or Marketing cost?
CA Ayush Agarwal
(Expert)
31 January 2013
If CYou are Asking Under Which Context ?
I Mean Companies Act or income Tax act.
You Can Mark Them as Project Cost and Write off Every year 1/5th.
These are Project Cost, Marketing Cost Concept Arise Only When You are Ready to sell Products.
I Mean Companies Act or income Tax act.
You Can Mark Them as Project Cost and Write off Every year 1/5th.
These are Project Cost, Marketing Cost Concept Arise Only When You are Ready to sell Products.
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