Capitalization of expenses
This query is : Resolved
02 March 2015
Hello,
I want to know whether expenses to avail loan for acquisition of asset can be capitalized to claim depreciation on same.
Thanks in advance.
03 March 2015
you need to follow as 16 on borrowing cost to see whether to capitalise or not
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
- Sale of goods from my GST proprietorship firm to my GST HUF proprietorship firm with karta me
- ESI Contribution after implementing COSS
- Cash deposited to salary account from gold loan account
- Can huf give gift to karta or kartas wife and son
- Cg on ancestral property sale distribution
- Assessment Procedure Us 147
- TDS deduction liability ?
- FY 24-25 Invoice Booked in FY 25-26 & ITC Claimed in FY 25-26
- Outward HSN details in Table 17 - unable to enter more than 6 HSN codes - Reg.
- Who is obliged to pay
- GSTR - 9 Input Tax Credit
- Negative liability in GSTR-3B
- Query on applicability of Small Company, CARO & IFC
- Articlehsip_temination
- Hsn for gst 9 purchases
- Salary journal entry
- ASSOCIATES & JOINT VENTURE NET WORTH ATTRIBUTABLE TO SHAREHOLDING AS PER LATEST AUDITED BALANCE SHE
- Design work
- Update Section 80G in ITR U
- ANNUAL RETUTN
Trending Online Classes
-
FR & Direct Tax (Regular Batch Combo) For May 26 & Onwards
CA Bhanwar Borana & CA Aakash Kandoi
CAclubindia
