AS 16
This query is : Resolved
Ankur Bansal
(Querist)
30 March 2009
Can a builder capitalise the interest cost of term loan availed for the purpose of building flats (for sale) as per AS 16. Since flats are the current assets of the builder can they be classified as qualifying asset ?
Ankur Bansal
Ankur Bansal
30 March 2009
if it takes substatial period to built then it can be capitalized.
30 March 2009
it can be capitalized
Manmohan ACA, CS
(Expert)
31 March 2009
agree with experts, if it takes substatial period to built
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