interest capitalization

16 May 2019

Is interest on loan taken for purchase of property can be capitalized in value of property and at the time of sale deductible from sell price?

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CA Shikha Sharma (Ceo) (3869 Points)
Replied 16 May 2019

no interest in loan for property funding cannot be capitalised

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Ballabh RV Singh (47 Points)
Replied 17 May 2019

interest on loan can only be capitalised when purchase of property made for business purposes. (AS-16)

Deepak Sharma (manager) (276 Points)
Replied 17 May 2019

Originally posted by : Ballabh RV Singh
	interest on loan can only be capitalised when purchase of property made for business purposes. (AS-16)

Agree.

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