Expenses to be capitalized
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 July 2015
My Business commercial production Started on 15 of Mar 2015 and have availed loan from Bank before commercial production started.Bank has charged Interest on 30.03.2015 of Rs.145000 forthe month of March.(Loan availed in the month of Feb 2015) PLease help whether i have to completely capitilize the said amount or i have to split the amount
Guest
Guest
(Expert)
08 July 2015
Yes you have to split the amount in to parts.Interest upto the dete of commercial production will be capitalized and from 16.03.2015 to 31st march is charged to p&L account
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
