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capitalisation of interest

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(Querist)
29 October 2008 can we capitalise interest paid to bank during the period of temperory shut down? shut down is for the purpose of maintenance. will it makes any difference if shut down is for increasing efficiency of plant?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
29 October 2008 No.
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CA Bosu babu

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CA Bosu babu (Expert)
31 October 2008 no way....you cant...shut down period during production period wil not attract capitalise clause since it is during the normal course of businee
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
31 October 2008 The iterest will have to be charged off.
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