Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

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 PGBP head and Income from Other sources head Applicability: All assessee following mercantile accounting system W.e.f. 01/04/2015 i.e. Assessment year 2016-17 ICDS - IX - Borrowing Costs S. No. Sc .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

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. 4. Recognition - Direct attributable to the acquisition, construction or production of a qualifying assets will be capitalised. Borrowings cost needs to be capitalised will be calculated as per respective ICDS on borrowings cost. Others borrowings co .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version