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Query related to intt. on loan

This query is : Resolved 
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 February 2013 Sir,
Loan taken for purchase of Land for investmnent purpose interest on loan should be capitalised or Write off????
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
24 August 2013 No. interest cannot be capitalised while taken loan on land purchase

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