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Finance cost in Profit and loss account

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(Querist)
13 October 2023 whether any type of interest paid
Like Interest on loan
interest on delay payment of tax
should be shown under Finance cost.
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Asha Kanta Sharmapro badge online

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Asha Kanta Sharmapro badge online (Expert)
15 January 2024 Finance cost ideally mean cost of raising capital / loan / OD etc

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