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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Capitalization of Borrowing Costs for Qualifying Assets Under ICDS IX: Key Guidelines for Tangible and Intangible Assets.</h1> Borrowing costs directly linked to the acquisition, construction, or production of tangible and intangible assets must be capitalized as part of the asset's cost according to ICDS IX. For inventory, these costs should be included only if it takes at least twelve months to reach a saleable condition. When funds are borrowed specifically for a qualifying asset, the actual borrowing costs incurred during that period must be capitalized. For general borrowings, a specific formula is used to determine the capitalized amount based on the ratio of qualifying assets to total assets.
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