Capitalisation of interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2013
A Pvt. Ltd company has taken Buyer's credit loan from HSBC Bank For SGD 151000.
for Purchase of Plant & Machinery from a Company of Sigapore. Bank Charges interest of SGD 2334.50. Will this interest be capitalised or not?
for Purchase of Plant & Machinery from a Company of Sigapore. Bank Charges interest of SGD 2334.50. Will this interest be capitalised or not?
26 June 2013
YES YOU CAN CAPITALIZED THE INTT.
26 June 2013
INTT CAPITALIZED TILL MACHINERY IN PRODUCTION
26 June 2013
Yes..it can be capitalised as per AS10
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
- Capital gains-24.06.2025
- Clarification on Old to new regime - 10-IEA
- FNO transaction not reflecting AIS
- MP Minimum Wages Act
- Return forms related
- Regarding to Relinquishment of Rights
- Can ITR 4 be used for reporting LTCG - FY24-25
- STCG on equity shares/ETF-24.06.2025
- RODTEP Annual Return
- GSTN Suo Moto cancelled
- GSTR 1 filled with 40 lakh tax liability but GST 3B filed with nil taxable value
- Regarding Interest on Enhanced Compensation
- Whether in Notes to accounts shown as
- New GST Registration with 02 company
- In elgible ITC claimed in FY 2021-22 & 2022-23 is it to be paid through DRC03 or to reverse it
- Rent agreement prior to incorporating a Company
- REGARDING CAPITAL CONTRIBUTION BY PARTNER
- ITC 04 for Job work
- Best book for knowledge gain
- Affordable Logo Animation Studio
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
