https://www.taxtmi.com/forum/issue?id=5254 Interest incurred on acquisition of land after commencement of production is treated as revenue expenditure rather than capital expenditure; borrowing costs are capitalised only until the asset is ready for its intended use, and once the asset is put to use or production starts, subsequent interest is revenue in nature for income tax purposes. en-us Wed, 30 Jan 2013 10:00:07 +0530 Thu, 23 Jan 2025 15:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5254 Interest incurred on acquisition of land after commencement of production is treated as revenue expenditure rather than capital expenditure; borrowing costs are capitalised only until the asset is ready for its intended use, and once the asset is put to use or production starts, subsequent interest is revenue in nature for income tax purposes. Discussion-Forum Income Tax Wed, 30 Jan 2013 10:00:07 +0530 https://www.taxtmi.com/forum/issue?id=5254