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Interest capitalization

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(Querist)
21 March 2017 IS INTEREST ON VEHICLE LOAN TO BE CAPITALIZED?
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CA Shubhanshu Jain

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CA Shubhanshu Jain (Expert)
21 March 2017 Interest paid on loan before date of acquisition is to be capitalized and interest paid after that is to charged in profit and loss account.
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Fazal Vt

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Fazal Vt (Querist)
21 March 2017 Thank you for your valuable reply sir!
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