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Loan Processing Charges to be shown as Project Cost...
I have shown Loan Processing Charges as one component of Project Cost. I want to know that as per which section of Income tax it can be shown as part of Project Cost ? ? ?
Replies (6)
bank charges / finance charges
Its Bank Charges
if the loan is from bank then bank charges, if from .........SMC, or NBFC then finance charges,
| Originally posted by : U S Sharma | ||
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if the loan is from bank then bank charges, if from .........SMC, or NBFC then finance charges, |
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Agreed
it should be shown as bank charges
I have shown it as Project Cost & Capitalize it as per this supportive Document attached herewith..
As this is Wind Power Project
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