Treatment of expenses incurred during construction period
This query is : Resolved
10 February 2016
Hello Experts,
Please tell me exps incurred during construction period such as Architect fees, Legal fees, survey charges etc. need to be amortised after the completion of Construction or it should be capitalised???
If amortised over the fixed period of time then in what period??? and also treatment of this exps is same as preliminary exps??
Thank You...
Please tell me exps incurred during construction period such as Architect fees, Legal fees, survey charges etc. need to be amortised after the completion of Construction or it should be capitalised???
If amortised over the fixed period of time then in what period??? and also treatment of this exps is same as preliminary exps??
Thank You...
10 February 2016
It can be capitalised as fixed asset under self constructed.please refer AS-10
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- EPF FULL & FINAL RULES IN 2026
- Gift Received from nonblood relative
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Management System (IMS)
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
