03 February 2010
loan processing fees and stamp fees on term loan are should be treared as a revenue expenditure or that should be capitalised according to as -16,
03 February 2010
first of all this loan should be used for acquiring qualifiying asset according AS-16 only then it will be capitalised otherwise revenue exp. para 4 of AS-16 (c) says borrowing cost may include amortisation of ancillary costs incurred in connection with the arrangement of borrowings So these fees should be added in cost and capitalised
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