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interest capitalization
Is interest on loan taken for purchase of property can be capitalized in value of property and at the time of sale deductible from sell price?
Replies (3)
no interest in loan for property funding cannot be capitalised
interest on loan can only be capitalised when purchase of property made for business purposes. (AS-16)
| Originally posted by : Ballabh RV Singh | ||
 |
interest on loan can only be capitalised when purchase of property made for business purposes. (AS-16) |  |
Agree.
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