As 16 capitalization of interest on capital of partner
This query is : Resolved
ABHISHEK SABHAYA
(Querist)
10 August 2013
Can we capitalize interest given to partners in case of builders as per AS 16?
CMA Ramesh Krishnan
(Expert)
22 August 2013
No.it is not borrowing cost as per as-16
CA Kumar Mukesh
(Expert)
22 August 2013
If Building under construction, then only it will be eligible for capitalized
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