Capitalisation of bank charges/lc charges

Nikhil (CA. CS.) (62 Points)

04 October 2012  

Dear all,

in case of a new project, can the bank charges and lc charges incurred to acquire fixed assets be capitalised? As per the accounting standard, I think we can..

However, wanted to know if there is something related to this in the revised schedule VI.

 

thanks in advance,

Nikhil