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what will be included in WIP

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(Querist)
03 September 2009 In case of builder,whose work is in progress which of the expenses is to be considered while calculating WIP.Answer in detail.Refer section relating to this or any notification.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
04 September 2009 All expenses incurred in relation to the project and also administrative expenses if there is only one project. If more than one project then administrative expenses to be divided in ratio of work done during the year or any other appropriate ratio.
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