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Jun 15, 2009 at 01:16 PM

Asset Under Construction Expenses

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Dear Friends,

My Client is in the process of construction of building.He is incurring expenses like labour charges, cement and other building material.

For Construction of building, creation of assets under consutrction is necessary

How to account for expenses incurred in construction of a building.

What is the process and what t.codes have to used.

All the help will be greatly appreciated.

Regards

Sridhar