Regarding Interest on Late payment of Govt Alloted Plot
This query is : Resolved
15 August 2025
Respected Colleagues,
If a person have allotment of Plot by PUDA (Haryana) but as per installment schedule, but he delayed in making payment and paid interest due to delay in payment, Now my ques is whether Interest paid along with principal payment can we capitalise in plot or not?
If a person have allotment of Plot by PUDA (Haryana) but as per installment schedule, but he delayed in making payment and paid interest due to delay in payment, Now my ques is whether Interest paid along with principal payment can we capitalise in plot or not?
15 August 2025
No, interest payment is considered as revenue expenditure, as such not allowed to be capitalized.
23 September 2025
Good luck....
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