Borrowing costs included in inventory cost when recognised under ICDS-IX criteria, affecting tax accounting treatment. Interest and other borrowing costs are included in inventory cost only when they meet the recognition criteria for borrowing costs as specified in ICDS-IX ... Summary
Borrowing costs included in inventory cost when recognised under ICDS-IX criteria, affecting tax accounting treatment.
Interest and other borrowing costs are included in inventory cost only when they meet the recognition criteria for borrowing costs as specified in ICDS-IX (Borrowing Costs), requiring assessment of each borrowing cost against the standard before capitalisation into inventory value.
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