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Office premises-loan taken-interest capitalized ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 August 2015
Respected Sir,

We have taken loan from Bank for purchase of Office Premises.Whether the interest which is
paid on Loan amount can be Capitalized or not ?

Kindly advice for the same.

Regards
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Vivek Hebbar

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Vivek Hebbar (Expert)
28 August 2015 No. The interest cannot be capitalized. Refer AS-16.

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