Capitalisation of CWIP

AS 1287 views 3 replies

I think Fringe Benefit Tax remove on the next budget. can you know about this.

pls discuss with me.

 

Replies (3)

Murlidharan, any amount that was utilised for the project will be capitalised. now when the machine that were purchased for project is either sold off or brought to business and this case the amount of project will be reduced by sale amount or book value, respectively. 

Practically, I have seen this case where my client was building a mall and afterwards used the machinery for his other business.

Just a suggestion, what organisation do is provide depreciation on this machinery which is utilised for project, which is wrong.

Regards

Piyush

Originally posted by :SHANKAR
" I think Fringe Benefit Tax remove on the next budget. can you know about this.
pls discuss with me.
 
"

No.i m not.If any know plz discuss with us..
 

can ne1 plss tell me if client has included local conveyance in foreign tour & travel a/c....do v need 2 bifurcate d same....as rates r diff???


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details