12 July 2013
Can anyone clarify me what is the exact duration to provide for interest on capital under sec 208. I didn't understand the "half-year from the end of ..." as stated in ICAI..
Also, given that such an expense be capitalised to the construction cost! But, I believe AS-16 doesn't deal with EQUITY and interest thereon! Is sec. 208 an exception??
CAclubindia
