CLU CHARGES WHETHER REVENUE OR CAPITAL EXPENDITURE, Income Tax

[satbir singhwahi]

Sir

CLU charges paid by Company, of the land owned by Director. On that land Workshop constructed by Company and used for business purposes.Whether these CLU charges paid are Revenue or need to be Capitalised in building account.

PLs Guide.

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Please give the meaning of CLU charges.

[satbir singhwahi]

Change land use CLU : Amount paid to state govt for change of land from agriculture to industrial