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Up gradation of assets

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Querist : Anonymous

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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?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
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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