Interest capitalization

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Sujith Nair

Sujith Nair (Querist)
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22 November 2014 How to capitalize Bank OD interest.Please help

Amol S Joglekar

Amol S Joglekar (Expert)
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22 November 2014 Debit the interest to the concerned Capital Asset.
(Why do you want to capitalise is the real question?)

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Sujith Nair

Sujith Nair (Querist)
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24 November 2014 sir,
last FY our company is in loss .we want to show some profit. so that we wants to capitalize our Bank interest paid . is there any problem with this .pls help

Amol S Joglekar

Amol S Joglekar (Expert)
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24 November 2014 Yes, there is problem with this. You are not doing PROPER disclosure. If it is in LOSS, the same should be reflected through books of accounts and the financials

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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24 November 2014 capitalisation is not allowed in this case...what is the nature of transaction is not disclosed.

Rupesh Jain

Rupesh Jain (Expert)
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25 November 2014 if you but capital assets then you capitalized the intt till its not come of production.

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