https://www.taxtmi.com/acts?id=23454 Income Computation and Disclosure Standard V prescribes identification, capitalisation and measurement of tangible fixed assets, requiring actual cost to include purchase price, import duties and directly attributable expenditures (net of discounts and recoverable taxes), capitalisation of start-up and commissioning costs, allocation rules for jointly owned or block purchases, treatment of non-monetary consideration at fair value as actual cost, elimination of internal profits for self-constructed assets, and disclosures including description, cost or written down value, additions/deductions and depreciation. en-us Mon, 09 Jan 2017 13:18:31 +0530 Mon, 09 Jan 2017 14:46:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23454 Income Computation and Disclosure Standard V prescribes identification, capitalisation and measurement of tangible fixed assets, requiring actual cost to include purchase price, import duties and directly attributable expenditures (net of discounts and recoverable taxes), capitalisation of start-up and commissioning costs, allocation rules for jointly owned or block purchases, treatment of non-monetary consideration at fair value as actual cost, elimination of internal profits for self-constructed assets, and disclosures including description, cost or written down value, additions/deductions and depreciation. Act-Rules Direct Taxes Mon, 09 Jan 2017 13:18:31 +0530 https://www.taxtmi.com/acts?id=23454