https://www.taxtmi.com/manuals?id=1301 ICDS IX requires capitalisation of borrowing costs directly attributable to acquisition, construction or production of qualifying assets until the asset is first put to use. For general borrowings a pro rata formula (A x B / C) allocates capitalisable interest, limited to qualifying assets that necessarily require twelve months or more for completion; commencement is from date of borrowing for specific loans and from date of utilisation for general loans, and cessation is when the asset is ready for its intended use. Disclosure of accounting policy and amount capitalised is required. en-us Fri, 20 Nov 2015 17:43:00 +0530 Thu, 29 Jun 2023 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1301 ICDS IX requires capitalisation of borrowing costs directly attributable to acquisition, construction or production of qualifying assets until the asset is first put to use. For general borrowings a pro rata formula (A x B / C) allocates capitalisable interest, limited to qualifying assets that necessarily require twelve months or more for completion; commencement is from date of borrowing for specific loans and from date of utilisation for general loans, and cessation is when the asset is ready for its intended use. Disclosure of accounting policy and amount capitalised is required. Manuals Income Tax Fri, 20 Nov 2015 17:43:00 +0530 https://www.taxtmi.com/manuals?id=1301