Cost incurred for taking loan
This query is : Resolved
07 November 2012
Dear All,
Please advise whether following note is correct :
As the full loan was taken at a time, the cost incurred to take (e.g. processing fees)loan, as per Indian GAAP, the full amount charged to P&L. As per IFRS, the charges should be amortised over a period of term of loan.
Thanking you in advance.
Ramesh
Please advise whether following note is correct :
As the full loan was taken at a time, the cost incurred to take (e.g. processing fees)loan, as per Indian GAAP, the full amount charged to P&L. As per IFRS, the charges should be amortised over a period of term of loan.
Thanking you in advance.
Ramesh
07 November 2012
the cost incurred to take (e.g. processing fees)loan, as per Indian GAAP, the full amount charged to P&L as still IFRS has not been implemented.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Eway bill not cancelled within 24 hous what can be due
- EXPORT COMMERCIAL INVOICE HSN CODE
- Filling ITR - U
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
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
