14 March 2014
The assets which do not take substantial time period can not be capitalized. Like furniture,building,land etc. And 1 more thing land and building are not intangible assets.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
14 March 2014
sir pls tell me when we can capitalize intt. on loan which we have taken for the construction of our house or purchase of our house.
Is it not possible to capitalize Int. on loan in case of Property ,if YES then for which type of property or also not for which tpye of property.