Nature of interest expenditure - ‘ongoing projects’ - these ...

Interest Expenses on Projects: Tax Neutrality Ensures Proper Accounting When Revenue from Unsold Inventory is Recognized.

April 1, 2020

Case Laws Income Tax AT

Nature of interest expenditure - ‘ongoing projects’ - these interest expenses are tax neutral and even if it is added/capitalized to the inventory being unsold stock under construction as contemplated by Revenue, then also the same is to be allowed as expenses in subsequent years when Revenue is recognized from such unsold inventory

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Nature of interest expenditure - ‘ongoing projects’ - these ...

Interest Expenses on Projects: Tax Neutrality Ensures Proper Accounting When Revenue from Unsold Inventory is Recognized.

April 1, 2020

Case Laws Income Tax AT

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