https://www.taxtmi.com/forum/issue?id=106818 Preliminary expenses of the described nature cannot be carried forward under the applicable accounting standards and must not be capitalised. Costs for portions of a building that are completed and ready for use should be capitalised as fixed assets, while costs for unfinished areas should remain in capital work-in-progress until they meet capitalisation criteria; depreciation follows upon capitalisation. en-us Tue, 20 May 2014 15:12:15 +0530 Thu, 23 Jan 2025 15:57:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106818 Preliminary expenses of the described nature cannot be carried forward under the applicable accounting standards and must not be capitalised. Costs for portions of a building that are completed and ready for use should be capitalised as fixed assets, while costs for unfinished areas should remain in capital work-in-progress until they meet capitalisation criteria; depreciation follows upon capitalisation. Discussion-Forum Companies Law Tue, 20 May 2014 15:12:15 +0530 https://www.taxtmi.com/forum/issue?id=106818