Residential property purchased by proprietor
This query is : Resolved
Quick Summary
06 February 2023
when residential property purchased by proprietor and Municipal tax paid by proprietor before residing , whether Municipal taxes paid should be capitalized.
CA R SEETHARAMAN
(Expert)
06 February 2023
No, it's periodical expenses revenue can't be capitalised
06 February 2023
But sir,
paid to NGT ( National Green Tribunal) , whether should be capitalised.
paid to NGT ( National Green Tribunal) , whether should be capitalised.
CA R SEETHARAMAN
(Expert)
06 February 2023
Yes, it should be capitalised as it's one time payment.
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