Interest capitlisation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 August 2016
A Company taking loan for import of Machinery in 22nd July 2015 & Machinery Import in Company on 28th aug 2015.
My question is that whether July & Aug Month Interest Capitalized or Charged to PNL ?????
Machine Installation Complete upto Aug And machinery ready for use from Sept but Company use machinery from Jan 2016.
Plz Resolved this Query as soon as possible.
My question is that whether July & Aug Month Interest Capitalized or Charged to PNL ?????
Machine Installation Complete upto Aug And machinery ready for use from Sept but Company use machinery from Jan 2016.
Plz Resolved this Query as soon as possible.
CA R SEETHARAMAN
(Expert)
24 August 2016
July and August month interest only can be capitalized.
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