Suppose a firm has borrowed loan for construction of asset on 1.4.07 & if the construction is completed in 30.09.2007 then how much amount of interest should be capitalised & how much should be treated as revenue expenses?
2 Replies
Jitender
(Chartered Accountant)
(8724 Points)
Replied 10 September 2008
intt from the period when development has started till completion will be capitalized.
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