A 5 star hotel is in under construction, and several kind of expenditure(Capital & Revenue expenes) is being incurred from the last two years.
Plz tell me the Accounting treatments for capital and Revenue expenditure & administrative expenditure for the purpose of Tax Audit...
Plz Help.......
All the expenses in relation to the hotel being made are to be capitalised in capital work in progress.
Thnq for your reply.....Bt i want to know dat , if I can transfer the Revenue Expenditure to Pre operative expenses and will write off once d business gets started........and d capital expenditure to be capitalized...
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