Interest capitalization
This query is : Resolved
Sujith Nair
(Querist)
22 November 2014
How to capitalize Bank OD interest.Please help
Amol S Joglekar
(Expert)
22 November 2014
Debit the interest to the concerned Capital Asset.
(Why do you want to capitalise is the real question?)
(Why do you want to capitalise is the real question?)
Message likes :
1 times
Sujith Nair
(Querist)
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
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
(Expert)
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
24 November 2014
capitalisation is not allowed in this case...what is the nature of transaction is not disclosed.
Rupesh Jain
(Expert)
25 November 2014
if you but capital assets then you capitalized the intt till its not come of production.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
