Interest on borrowed capital accrued up to the end of the previous year to prior to the year of
competition of construction is allowed__________

Question

TuteeHUB · Accepted Answer

In the respective year in which the interest accrues

TuteeHUB · Answer

As a deduction in the year of completion of construction

TuteeHUB · Answer

In 5 equal annual installments from the year of competition of construction.

TuteeHUB · Answer

Up to Rs.30,000 on Rs.20,000.

1.	Interest on borrowed capital accrued up to the end of the previous year to prior to the year of competition of construction is allowed__________
A.	As a deduction in the year of completion of construction
B.	In 5 equal annual installments from the year of competition of construction.
C.	In the respective year in which the interest accrues
D.	Up to Rs.30,000 on Rs.20,000.
Answer» C. In the respective year in which the interest accrues

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