https://www.taxtmi.com/acts?id=20024 Repairs and maintenance cost is to be determined on a uniform and consistent basis for cost statements through classification, measurement, assignment, presentation and disclosure. The cost comprises direct and indirect costs of maintaining or restoring an asset, including routine, preventive, planned and breakdown maintenance, with separate identification of distinct activities and major asset categories where material. Finance costs and imputed costs are excluded, while subsidies, grants, credits, recoveries, abnormal costs, fines and penalties are not to form part of the cost. en-us Fri, 11 Sep 2015 17:48:14 +0530 Fri, 24 Apr 2026 10:59:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20024 Repairs and maintenance cost is to be determined on a uniform and consistent basis for cost statements through classification, measurement, assignment, presentation and disclosure. The cost comprises direct and indirect costs of maintaining or restoring an asset, including routine, preventive, planned and breakdown maintenance, with separate identification of distinct activities and major asset categories where material. Finance costs and imputed costs are excluded, while subsidies, grants, credits, recoveries, abnormal costs, fines and penalties are not to form part of the cost. Act-Rules Companies Law Fri, 11 Sep 2015 17:48:14 +0530 https://www.taxtmi.com/acts?id=20024