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Treatment for Infrastructure and amenities charges, Income Tax

Issue Id: - 110376
Dated: 21-5-2016
By:- Velayutham Panchatcharam

Treatment for Infrastructure and amenities charges


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We are a developer in SEZ. We have paid infrastructure and amenities charges to Directorate Town and Country Planning which is statutory body in Tamil Nadu. We just want to know how to treat the these charges in the books of accounts, whether we have to add back to the building cost or consider as expenses.

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1 Dated: 22-5-2016
By:- Ganeshan Kalyani

Sir, whether the charges is paid during construction of building. If yes, it would form part of cost of construction. otherwise it will go into current liability account. This is my view. Thanks.


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