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Jayanta (Service)     31 December 2009

Plant shut down - treatment

What will be accounting treatment of costs associated with

plant shutdown (once a year)? Please guide.

Regards,

 

Jayanta

31.12.2009



Learning

 1 Replies

SURENDRA KUMAR RAKHECHA (PRACTISING CA)     01 January 2010

If it is required to be shut down (for example in seasonal factories) ; then these are revenue expenses and allowable in the Income Tax Act.

 


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