Menu
Is ind as 38 applicable to BS VI engine
One of our client is producing BS VI engines for their client so whether IND AS 38 is applicable to those and if yes whether it is to be treated as internal generated assets and classification should be done into research and development phase for capitalisatio
Replies (2)
Quick Summary
Yes. The scope is appropriate because custom built engines do have considerable research and development. One must understand the difference between development and research phase because, research is expensed and development expenditure is capitalised.
Thanks
Recent Topics :
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
Related Topics :
CAclubindia
