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Residential property purchased by proprietor

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(Querist)
06 February 2023 when residential property purchased by proprietor and Municipal tax paid by proprietor before residing , whether Municipal taxes paid should be capitalized.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 February 2023 No, it's periodical expenses revenue can't be capitalised
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Daya

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Daya (Querist)
06 February 2023 But sir,
paid to NGT ( National Green Tribunal) , whether should be capitalised.



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 February 2023 Yes, it should be capitalised as it's one time payment.

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