https://www.taxtmi.com/circulars?id=52993 Clarification states that under AS 10 and AS 16, only expenditures that increase the worth of fixed assets may be capitalized; costs, including borrowing costs, incurred during an extended delay after a plant is otherwise ready for commercial production must not be capitalized. AS 16 allows part capitalization where a unit is ready and capable of use while other units remain under construction. These rules apply to both cost-plus and competitive-bid power projects. en-us Wed, 27 Aug 2014 00:00:00 +0530 Fri, 29 Aug 2014 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52993 Clarification states that under AS 10 and AS 16, only expenditures that increase the worth of fixed assets may be capitalized; costs, including borrowing costs, incurred during an extended delay after a plant is otherwise ready for commercial production must not be capitalized. AS 16 allows part capitalization where a unit is ready and capable of use while other units remain under construction. These rules apply to both cost-plus and competitive-bid power projects. Circulars Companies Law Wed, 27 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52993