Capitalisation of Forex Loss on loan taken for import of machinery

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  1. Nidhi Mehta

    Nidhi Mehta New Member

    Last year i.e. in 2012-13 i have charged loss on forex fluctuation on loan taken for machinery in F.Y. 2011-12. So can i capitalise loss of forex fluctuation for same loan this year.
    Beacuse I am confused that on 01.04.2012 their was a choice that either charge it to Profit & Loss A/C or capitalise it. The option selected is to be followed till 2020.
     
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