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Labour wages capital or revenue
wages paid to labour for construction of new building can it be capital expenditures or revenue expenditure
Replies (4)
Quick Summary
It depends upon , Building Construction by Builder or by Company for office purpose or something else . you have to elaborate your query.
By company for office purpose
Dear Yasir
Then you have to Capitalise such type of Labour charges in Cost of an Asset, as per IND As 16 . Also this Building will stand as an asset in Companies Balance sheet. please refer IND AS 16 . Take others opinion as well.
Then you have to Capitalise such type of Labour charges in Cost of an Asset, as per IND As 16 . Also this Building will stand as an asset in Companies Balance sheet. please refer IND AS 16 . Take others opinion as well.
Yes, Agree With Prasad ji ................
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