As 16 capitalisation of preclosure chrges
This query is : Resolved
05 August 2011
In Connection with AS 16 kindly advise on Capitalisation of Loan preclosure charges and Overdue interest charged by Bank on Delayed Payment of installment.
05 August 2011
preclosure charges can be capitalised as it is BC directly attirbutable to borrowing provided asset is Qualified asset.
Penal interest (i believe and not sure )can not be capitalised.
Penal interest (i believe and not sure )can not be capitalised.
05 August 2011
Thanks Vikas but
1.)will your answer be same in case we have preclosed a loan and gone for other loan on the same Project ?
1.)will your answer be same in case we have preclosed a loan and gone for other loan on the same Project ?
05 August 2011
Ans is No.
where loan is replaced with other loan then NO.
where loan is replaced with other loan then NO.
05 August 2011
Ans is No.
where loan is replaced with other loan then NO.
where loan is replaced with other loan then NO.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
