Up gradation of assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 November 2014
Can we capitalised amount spent in P.Y for infrastructure of the surrounding to upgrade the value of our property in C.Y?
27 November 2014
as per as-10 any fixed asset can be capitalised only in case if the exp increases the effiecieny or life of asset else need to charge to profit and loss account
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