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Car loan Processing Fees

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(Querist)
15 June 2022 Processing Fees for CAR LOAN, is it comes under Finance Cost? , or can we capitalized it with car cost? OR comes under some other expense head?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 June 2022 It comes under financing cost and can't be capitalised.

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