Office premises-loan taken-interest capitalized ?
This query is : Resolved
Querist : Anonymous
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
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
28 August 2015
No. The interest cannot be capitalized. Refer AS-16.
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