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Processing fees

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(Querist)
23 January 2013 I have paid processing as part of the finance arrangement with a bank for financing capital equipments. Can the one time expenditure towards processing fees be capitalized?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
23 January 2013 Bank loan processing fee no need to capitalised. you can debit as expenses

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