Borrowing cost

AS 169 views 1 replies

Hi,

One of our client has started an expansion of project which will be completed only in 2019-20 period which has started during 18-19.  For the same they had taken a loan.  The same includes construction of building and purchase of machinery.  Total loan amount has not been utilized in full.  What will be the treatment of borrowing cost ?

Replies (1)
for income tax..
add borrowing to value of asset for the period preceding the put to use..


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