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Loan

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(Querist)
24 August 2010 Is processing fees charge on loan can be expensed off..??
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
24 August 2010 Yes. It should be.
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CA SMR

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CA SMR (Expert)
24 August 2010 For what purpose the loan is taken?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
24 August 2010 For any purpose loan processing fees are amortised except in case of loan taken for assets which are not ready to be put to use at the time of their purchase and hence the same can be capitlised in the cost of the asset.

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