subramanyanadig (Accounts officer) 13 July 2019
The amount paid to get permission from Government for installation of machinery can be capitalized,?
and the permission should be renewed every year by payment of certain fee.
RAJA P M ("Do the Right Thing...!!!") 14 July 2019
No...
But, Can be booked in expenditure head and the renewal amount.
**In case it's refundable then book it under Loans & Advances...
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