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Processing fees on loan

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Querist : Anonymous

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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?
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ASHWANI DHANUKA

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ASHWANI DHANUKA (Expert)
18 February 2018 expense it out in the same year

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