https://www.taxtmi.com/acts?id=19813 Borrowing costs directly attributable to acquiring, constructing or producing a qualifying asset must be capitalised as part of that asset's cost; other borrowing costs are expensed. Eligible capitalised costs include interest and specified related items; for specific borrowings the actual borrowing costs less investment income on temporary investments are capitalised, while for general borrowings a weighted average capitalisation rate is applied to expenditures. Capitalisation begins when expenditures, borrowing costs and preparatory activities commence, is suspended for extended development stoppages, and ceases when substantially all activities to ready the asset are complete. Entities must disclose capitalised amounts and the capitalisation rate. en-us Thu, 04 Jun 2015 15:13:00 +0530 Fri, 08 Sep 2023 17:37:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19813 Borrowing costs directly attributable to acquiring, constructing or producing a qualifying asset must be capitalised as part of that asset's cost; other borrowing costs are expensed. Eligible capitalised costs include interest and specified related items; for specific borrowings the actual borrowing costs less investment income on temporary investments are capitalised, while for general borrowings a weighted average capitalisation rate is applied to expenditures. Capitalisation begins when expenditures, borrowing costs and preparatory activities commence, is suspended for extended development stoppages, and ceases when substantially all activities to ready the asset are complete. Entities must disclose capitalised amounts and the capitalisation rate. Act-Rules Companies Law Thu, 04 Jun 2015 15:13:00 +0530 https://www.taxtmi.com/acts?id=19813