MCA CLARIFICATION ON ACCOUNTING STANDARD (AS) 10 CAPITALIZATION OF COST

 

MCA has vide its circular No. 35/2014 dated 27th August 2014, has issued clarification w.r.t. capitalization of borrowing costs incurred during extended delay in commercial production for reasons beyond the developer’s control, and regarding whether capitalization of power plant should be unit wise or project wise.

 

You can read the full text of the this circular on the following link;

http://mca.gov.in/Ministry/pdf/circular_35_27082014.pdf

 

Thanks & Regards:

KASHIF ALI & ASSOCIATES
Company Secretaries

268, Business India Complex,
Uday Park, New Delhi-110049
Call us: +91 9718483209
Mail:  cs.kashifali@gmail.com

 

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