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Capital Expenditure Vs. Revenue

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(Querist)
21 May 2010 Dear Sirs,

One of the Company has borrowed term loan for purchase of Fixed Assets. Please clarify as to whether the processing charges paid by the company to the bank needs to be capitalised?

Thanks in Advance
Dharmaraju
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Akbar Mirza

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Akbar Mirza (Expert)
21 May 2010 As per AS 16, Processing charges paid for borrowing Term Loan for purchase of asset shall be capitalised with the fixed asset.
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CMA.Palani Arumugam

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CMA.Palani Arumugam (Expert)
21 May 2010 Agreed.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
21 May 2010 Agree with experts.
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RAJU

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RAJU (Querist)
22 May 2010 Thank you very much....

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