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Querist : Anonymous

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Querist : Anonymous (Querist)
23 February 2011 Can Interest on loan be capitaized, if loan is taken for purchase of Car.
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Sunil Kr. Sanganeria

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Sunil Kr. Sanganeria (Expert)
23 February 2011 Yes interest on loan taken for purchase of car should be capitalised
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 February 2011 As per my knowledge only that interest can be capitalised which assets is manufacture by us. i.e we have purchased the car not manufactured it.
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