Loan Processing Fees Charged by Bank is revenue expenditure or capital expenditure.
3 Replies
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 21 November 2011
Loan processing charges or front end fee is revenue expenditure - deduction allowable....
vikas kumar surana
(CA Final (New Course))
(51 Points)
Replied 21 November 2011
Entire expenses is allowable or its allowable on prepaid basis
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 21 November 2011
I think Entire Expenses allowable....
Wait for other Comment.....
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