Treatment for Infrastructure and amenities charges

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..... Treatment for Infrastructure and amenities charges
Query (Issue) Started By: - Velayutham Panchatcharam Dated:- 21-5-2016 Last Reply Date:- 22-5-2016 Income Tax
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Income Tax
We .....

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..... 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 ch .....

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..... arges in the books of accounts, whether we have to add back to the building cost or consider as expenses. Reply By Ganeshan Kalyani: The Reply: Sir, whether the charges is paid during construction o .....

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..... f building. If yes, it would form part of cost of construction. otherwise it will go into current liability account. This is my view. Thanks.
Discussion Forum - Knowledge Sharing .....

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