Interest paid on for loan to pay the purchase consideration due the firm working capital requirements...
Example company borrowed 15 lakhs as loan . Loan taken in post incorporation. U have divide with both and pre and post
Anand Sankaran
CA Inter
★ 3K+
30-Apr-23 05:30
This is basically interest paid to vendors from the date of taking over till date of incorporation.
Anything post incorporation, you will show in post incorporation.
