Interest - capital or revenue
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2013
A company had taken loan for purchasing a property. Till registration, the interest paid by the company had been capitalised to the cost of the asset. Now after registration of the property, what would be the treatment of loan which the company is paying on the loan amount? Can it still capitalise the interest and add to the value of asset or it would be a revenue expenditure?
29 March 2013
It would be revenue expenditure.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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