Capitalisation of interest cost on fa
This query is : Resolved
05 June 2012
one of my client is carrying real estate business.
company had purchased land & started construction over it.
Now I know it can capitalised the interest of borrowing i.r interest paid by co on its unsecured loan .
but my doubt is that can Interest can be capitalised even it company doesn't actually pay it & only passes a journal entry.
Please help
company had purchased land & started construction over it.
Now I know it can capitalised the interest of borrowing i.r interest paid by co on its unsecured loan .
but my doubt is that can Interest can be capitalised even it company doesn't actually pay it & only passes a journal entry.
Please help
06 June 2012
Yes it can be capitalise on JV also
Message likes :
1 times
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
- About TDS & Income Tax
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Building tax payment deduction in rental Income
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- F & O PROFIT REPORTING FOR AY 2026-27
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
