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Ind AS: Treatment of employees, rent, housekeeping expenses during construction of high speed rail.

January 8, 2020[2020] 113 taxmann.com 151 (Article)
It is not necessary that all expenses incurred during construction are eligible to be capitalised under Ind AS 16 Property, plant and equipment to the project/ asset being constructed. The capitalisation of an item of cost to a fixed asset/project depends upon the nature of such expenses in relation to the construction/ acquisition activity in the context of requirements in this regard laid down in the applicable Ind AS.
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