Dear All,
My company is in power sector, of which different projects are in construction stage.The company has transferred the amount from CWIP to different assets.So, now from this financial year, shall the company is allowed to claim the depreciation on the allocated assets regardless of the fact that,projects are in construction stage?
Is there any requirement to provide depreciation / not to claim depreciation during construction period?
Are we required to prepare the P&La/c or expenditurea/c during construction period.
Kindly reply ASAP.
Thanks
CAclubindia
