Similar Question can be asked
Suppose assessee has purchased Fixed Asset and has not yet commenced the production and taken loan for the same and if does not pay interest for the same before the due date then.
what will happen.
and as per Section 43B interest on loan is allowed on payment basis
So it means we cannot capitalise the Interest as not paid before due date
But Interest before the commencement of production on the amounts borrowed by the assessee for the acquisition and installation of Fixed Asset forms part of the Actual Cost.
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