Interest capitalisation query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2015
Can company capitalize interest on borrowed funds (taken on an asset) even if asset is ready to use?
can amount of interest be amortized?
if yes please provide base for the same.
can amount of interest be amortized?
if yes please provide base for the same.
03 January 2015
Company can NOT do that.
Some infra structure companies started doing that...But again...Income tax does not recognise it...
Some infra structure companies started doing that...But again...Income tax does not recognise it...
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