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?)
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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.
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