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Interest treatment

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(Querist)
05 May 2015 if a company purchase its own debenture then what will be its interest treatment.
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CA Amit Talada

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CA Amit Talada (Expert)
14 May 2015 No Interest to be accounted for on own debentures. alternatively, you can first recognise Interest expense on Own Debentures then knock it off against Interest Income on Own Debentures.

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