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Capitalise bank interest

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(Querist)
10 February 2013 Interest on term loan for machinery, before commencing production - can it be capitalised?
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Karan Teli

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Karan Teli (Expert)
10 February 2013 Yes, all expenses before commencement of production has to be captialised but once the production starts it ceases out to be captialized.
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seshadri

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seshadri (Expert)
10 February 2013 But the increase in value of foreign currency loan taken can not be capitalised.




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