https://www.taxtmi.com/manuals?id=1912 Borrowing costs are broadly interest and finance charges, with one standard excluding certain foreign-exchange adjustments. That standard confines capitalisation to costs on funds specifically borrowed for a qualifying asset and applies a twelve-month indicium for inventories, while other standards allow apportionment of general borrowings and leave qualifying-period determination to facts. Capitalisation under the narrow rule commences on drawdown of specific borrowings or on application of funds; broader standards commence only when expenditures, borrowing costs, and preparatory activities all exist. The narrow rule prohibits suspension; broader standards permit suspension during extended interruptions. Cessation occurs when substantially all preparatory activities are complete. en-us Sat, 14 Jan 2023 11:43:00 +0530 Fri, 30 Jun 2023 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1912 Borrowing costs are broadly interest and finance charges, with one standard excluding certain foreign-exchange adjustments. That standard confines capitalisation to costs on funds specifically borrowed for a qualifying asset and applies a twelve-month indicium for inventories, while other standards allow apportionment of general borrowings and leave qualifying-period determination to facts. Capitalisation under the narrow rule commences on drawdown of specific borrowings or on application of funds; broader standards commence only when expenditures, borrowing costs, and preparatory activities all exist. The narrow rule prohibits suspension; broader standards permit suspension during extended interruptions. Cessation occurs when substantially all preparatory activities are complete. Manuals Income Tax Sat, 14 Jan 2023 11:43:00 +0530 https://www.taxtmi.com/manuals?id=1912