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Summary of ICDS - IX - Borrowing Costs - issued by CBDT

Dated:- 10-4-2015 - Income Computation & Disclosure Standards (ICDS) Issued by CBDT under power under section 145(2) of Income Tax Act, 1961 vide notification no. 32/2015, dated 31-3-2015 Purpose: Computation of Income under PGB .....

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ope of ICDS Particulars IX Borrowing Costs 1. Scope - Treatment of borrowing costs. 2. Out of scope - Actual or Imputed cost o .....

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amortised amount of ancillary cost incurred for arrangement of borrowings and finance charges. Qualifying Assets: Tangible Assets, Intangible Assets, and Inventories which takes more than 12 months to become saleable. .....

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st will be recognised as per the provisions of Income tax act. 5. Borrowing Cost for Capitalisation - In case of specifically associated with assets, actual borrowings cost incurred will be capitalised. In case of gene .....

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