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Discussion > Income Tax > Tax queries >

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Student-FINAL, BCom

[ Scorecard : 24] 		Posted On 04 February 2013 at 15:50 Report Abuse

Whether interest on loan during construction period(taken for hotel construction) be debited to p&l a/c where the construction is done in phases and a phase is completed( but no completion certificate as the same can only be acquired after the construction of whole hotel is completed). If yes, is there any case law to support it?

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