Capitalisation of interest
This query is : Resolved
05 April 2008
Can interest paid on loan borrowed for purchasing of shares be added in cost of investment ?
05 April 2008
MR JITENDER IS RIGHT AND SUCH INT. ON LOAN BORROWED FOR PURCHASE OF SHARES CANNOT BE ADDED IN COST OF INV.(REFER AS 13,16-ICAI)
R.V.RAO
R.V.RAO
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