Processing fees on loan

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 February 2018 We have taken the Term loan. At the time of loan sanction we have paid the processing fees of Rs. 4 L for 4 year tenure.
Can we expenses out as Bank Charges & Commission in one year? Or
We need to amortised in 4 years?

18 February 2018 expense it out in the same year



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries