Query related to as 16
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 March 2015
Please clarify whether commission on guarantee given for Loan as a security which is taken for construction of a qualified asset as per AS 16 can be capitalized under the same.
08 March 2015
Being ancillary cost incurred in connection with arrangement of borrowing it can be capitalized.
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