Capitalised

Vaibhav Ashtaputre (Service) (34 Points)

26 May 2010

Can we capitalise architecture's fees in case of construction of office building?

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9 Replies

(Guest)

yes....

Jagdish Bhalia (Practicing CA) (453 Points)
Replied 26 May 2010

Yes fees could be capitalised.

Somaas Kandan (CA Final) (385 Points)
Replied 26 May 2010

Yes, it can be capitalized.

CA PuRvI M!$rA (-) (2260 Points)
Replied 27 May 2010

yes...it shud b capitalised......

prasanth.ak (accountant) (33 Points)
Replied 27 May 2010

Yes it is capitalised

Prashant Kapaley (article) (30 Points)
Replied 27 May 2010

Yes, It is Capitalised.

NITIN JAIN (CA FINAL STUDENT) (42 Points)
Replied 27 May 2010

yes, in case of construction of building it shoud be capitalised

Pavan Shetty (Accountant) (36 Points)
Replied 27 May 2010

It should be capitalized including service tax (if your firm is not taking Service Tax input Credit)

Mayank Shyamsukha (CA FINAL) (119 Points)
Replied 27 May 2010

Yes, architecture fees should be capitalised to the value of the office building.

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