C.A C.S
3983 Points
Posted on 31 August 2016
Hi,
This has to be linked with the Main asset. In case you are spending an amount on Huge capex worth a huge money, then all the expenses in order to bring it into existence can be capitalised. Generally most of the professional fees in relation to obtaining techincal assistance report,other professional reports are capitalised as part of the asset. In your case, my answer would be you can capitalise the same treating it as a professional service in relation to the asset.