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Capitalization of interest on unsecured loan

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(Querist)
17 June 2016 Plz answer,
Whether interest paid on unsecured loan can be capitalized with the cost incurred by the firm engaged in the business of construction of building?
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Rupesh Jain

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Rupesh Jain (Expert)
17 June 2016 loan for using the purchase of assets then till assets not come in use condition then you capitalised the interest.

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