Whether the interest is capitalised or not

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 June 2012 hi
My question is whether Interest Paid on borrowing amount which is used in to purchase a property (my business is Real Estate Business) is Capitalised or not

Ca Anand Dubey

Ca Anand Dubey (Expert)
Follow

04 June 2012 you can book it as expenses

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Purpose Code for FIRC
Tax regime in revised return
ITR before AIS feedback
ARREARS INTEREST RECEIVED FROM 2011
Shares of Companies under Liquidation
RECEIPTS ON TRANSFER OF VIRTUAL DIGITAL ASSETS U/S 194S
Property transaction nature as Sale instead of Purchase in AIS
Perquisite income tax section 17(2)
Revise Return after due date
Post office savings account in itr

Extra TDS paid-How to reverse the excess amount?
Sale Of House Property | Advance Payment
Primary Co-Operative Society
44 AD TURNOVER (CASH)
Capital gain on property for senior citizen
Surcharge on income above 50L
Depreciation of Building
REGARDING APPEAL AGAINST ORDER ISSUED AGAINST DRC-07
Self paced edxam
When I have tried to file correction statement it was rejected due to Line No 2 - Invalid Previous R

Trending Online Classes

3 Days Certification Course on Tax Audit Under Income Tax Act 1961

CA Pratibha Goyal

Enroll Now

05 August 2024
Live class on PF & ESI Enrollment & Returns Filing(with recording)

Mr.Balamurugan Ranganathan

Enroll Now

26 July 2024
Live Course on Practical GST Filing with Expert Legal Insights

Sachin Jain

Enroll Now

26 July 2023

view all classess

Let's Talk Money: You've Worked Hard for It, Now Make It Work for You

Click here for more bestsellers

Whether the interest is capitalised or not

Similar Resolved Queries

Trending Online Classes

Quick Links