capitalised of interest
ABHISHEK GUPTA (CA ARTICLE) (115 Points)
07 September 2018ABHISHEK GUPTA (CA ARTICLE) (115 Points)
07 September 2018
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 07 September 2018
The interest paid before the asset was first put to use would be included in the actual cost thereof and has to be treated as capital expenditure and not revenue in nature.