Dear All,
We have purchased a land with name of firm Rs . 1000000/- the charges are incurred below mentioned.
registration charges : 70000
legal charges : 120000
Fencing charges : 150000
can we write above expenses debit to p& L account or add to capital expenses to land purchase of land cost.
please suggest
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
