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Sec23(5)

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(Querist)
30 December 2017 If a builder had taken a loan for construction of an house and the house is held as stock-in-trade for one year and was vacant for 1year. what will be the treatment of interest on loan ?
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CA Suresh Jain

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CA Suresh Jain (Expert)
01 January 2018 Interest on loan is charged to P&L account and to be added to value of inventory
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kashyap gupta

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kashyap gupta (Querist)
02 January 2018 Plz tell with respect to income tax act1961
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