Cost of d asset
This query is : Resolved
04 May 2014
Guys loan taken to purchase a asset...
So can interest on loan b added to d cost of asset as per i.t. Act?
Nikhil Kaushik
(Expert)
04 May 2014
it is very much included in the cost of the asset to the date of put to use. thereafter it is expensed out.
with regards to assets such as house property, it the whole of interest cost can be included...
with regards to assets such as house property, it the whole of interest cost can be included...
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