Swap loss on hedging of loan can we capitalise
This query is : Resolved
20 January 2010
We borrowed a loan for qualifying asset. We hedge the loan to cover ourself from Interest rate risk. But we incurred a interest rate swap loss. My question is whether we can capitalise this swap loss along with the interest of loan.
20 January 2010
yes, if the asset is not yet ready for commercial use. Regards, CA Shakuntala Chhangani
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